European Central Bank (ECB) President Christine Lagarde reiterated this Monday in Brussels before the European Parliament (EP) that the institution stands ready to intervene “if necessary” to keep the eurozone financially stable. , in light of recent “tensions”.
In a debate, the so-called “economic dialogue”, with the Parliamentary Committee on Economic and Monetary Affairs of the European Parliament and in part of his speech on the latest developments in the financial market, shocked by the collapse of the North American bank Silicon Valley Bank (SVB) and the strong fall of the stock market Credit Suisse Lagarde welcomed the “quick action and decisions taken by the Swiss authorities” regarding the Swiss bank.
“These actions were necessary to restore orderly market conditions and ensure financial stability,” he commented, assuring that the ECB continues to “closely monitor market developments” and is ready to “react if necessary to maintain price stability and financial stability in the eurozone.” .
Author: Portuguese
Source: CM Jornal
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