Isabel Schnabel, a member of the executive board of the European Central Bank (ECB), said on Friday that attempts to block the European Union (EU) recovery fund would be an “economic disaster for Europe”.
Key Comments:
“The increase in public debt is inevitable and sensible in the face of this crisis of the centuryas long as expenses drive growth in a sustainable way. “
“The fact that the collapse of the US hedge fund Archegos Capital Management caused billions of losses in major lenders such as Credit Suisse was a ‘red flag’ that there are significant systemic risks“.
“The case showed that there were also ‘major regulatory loopholes’”.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
