No cause for concern about German banking sector - government

Reuters Images

The current situation with European banks is not comparable to the 2008 financial crisis

Miranda Murray, Reuters News

March 17, 2023

PHOTO
A fire hydrant is seen next to the logo of Germany's Deutsche Bank in Frankfurt, Germany, January 26, 2016. Germany's largest business bank will present its annual figures during a news conference on Thursday, January 28. REUTERS/Kai Pfaffenbach - RTX2430T

There is no cause for concern about the German banking sector, a spokesperson for the German government said on Friday.

The current situation with European banks is not comparable to the 2008 financial crisis, the spokesperson said during a regular news conference. (Reporting by Miranda Murray, Writing by Friederike Heine, Editing by Matthias Williams)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO