- MarketPulse - https://www.marketpulse.com -

U.S. Concern over Europe’s Banks

The United States is concerned that Europe is not moving decisively to heal its banks and that China will only slowly move toward a more market-based economy, Treasury Secretary Jack Lew said Thursday.

Lew said a deal struck in Europe last month to create a fund over the coming decade for dealing with future bank failures was important, but inadequate.  “We don’t think it’s big enough. We don’t think it’s fast enough,” Lew said at an event held by the Council on Foreign Relations.

Lew also said he does not have confidence over the time frame of China’s plans to reduce the state’s role in making economic decisions.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

marketpulsefxstaff

Latest posts by marketpulsefxstaff (see all [4])