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Greece’s economic recovery and the European Central Bank’s increased support are underpinning the country’s BB+ credit ratings despite high inflation.
Fragmentation of euro area financial markets has been relatively limited, as policymakers have benefitted from reforms after and experiences with past crises, European countries and authorities reacted with quite some unity, and direct financial exposures to Russia and Ukraine are relatively small
By Francesco Canepa and Giselda Vagnoni FRANKFURT/ROME (Reuters) - The European Central Bank seems almost certain to face a test of its resolve to rei...
The coronavirus health crisis also had a strong impact on financial systems. This column discusses its effects on euro area financial integration and financial structure. It illustrates how decisive monetary, fiscal and prudential policy responses first contained and then reversed the initial sharp fragmentation in asset prices across member countries. Overall cross-border