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

‘Concerns’ About Markets, Banks Sell-Off: Dijsselbloem

The turmoil hitting the markets and sharp plunge in banking stocks is sparking concern among the euro zone’s finance ministers but the president of the group told CNBC that there was no immediate threat of a repeat of the financial crisis.

“Well there is concern (about market volatility), but we also realize we are in a much better situation than we were 10 years ago. Both governments’ budgets and the real economy are picking up throughout the euro zone,” Eurogroup President Jeroen Dijsselbloem told CNBC on Thursday.

“And our banks are in a much better situation than they were some years ago, a lot of capital has been brought in, balance sheets have been restructured and this process is still continuing with the new rules of the banking union in place,” he added.

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.

Craig Erlam

Craig Erlam [5]

Senior Market Analyst, UK & EMEA at OANDA [6]
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all [5])