ECB warns of potential new debt crisis in Eurozone due to high debt and weak growth.

The European Central Bank (ECB) warns of a potential new debt crisis in the Eurozone, citing high debt levels, weak growth, and high budget deficits. The ECB's annual Financial Stability Review highlights risks for countries like Italy and France, where fiscal issues and political uncertainty could worsen the situation. Elevated costs of borrowing and potential spillover effects to the corporate sector are also noted, though banks are better capitalized than before.

November 20, 2024
25 Articles