Uncertainty in the banking sector is worrying, but not in Europe. The ECB is performing well, so is the European Commission, the eurozone is stable, strong and profitable, but what will happen in the United States is a big mystery”
Valerio De Molli quotes the words of CNBC.
The economist sees that SVB’s bankruptcy is “just the first in a series of bankruptcies that are just starting,” but he added: in his opinion, it is impossible for Europe to repeat the crisis of 2008, since the region’s financial sector “learned its lesson particularly well” in the previous crisis.
Valerio De Molli is an internationally recognized economist who has been leading the financial consulting organization The European House – Ambrosetti since 2000.
The cover image is an illustration. Source: Getty Images
