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The banking crisis invites itself to the European summit


DECRYPTION - The Twenty-Seven met in Brussels for a euro zone summit during which the crisis experienced by European banks was discussed.

From our correspondent in Brussels

The initial objective was not to overdo the turbulence experienced by the banking sector for two weeks, after the rescue of Credit Suisse by UBS and the great difficulties of several American regional banks.

Only then, while European establishments unscrewed on Friday on the stock markets in the wake of Deutsche Bank and UBS, the Twenty-Seven were gathered in Brussels for a euro zone summit.

The subject was on the agenda for discussion.

They didn't spend a lot of time on it

,” however, a European Union diplomat deliberately points out.

During the meeting, the President of the ECB, Christine Lagarde, endeavored to reassure the leaders, explaining to them, as she has been doing publicly for several days, that the situation in the euro zone is not comparable to that of the Switzerland and the United States.

The euro area banking system is resilient because it has strong…

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Source: lefigaro

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