Looming “junk” wave threatens Europe’s financial system – ESRB
The European Union’s financial
system may not cope on its own with a looming wave of credit
rating downgrades caused by the coronavirus pandemic, which may
disrupt funding markets, the bloc’s financial stability watchdog
said on Thursday.
system may not cope on its own with a looming wave of credit
rating downgrades caused by the coronavirus pandemic, which may
disrupt funding markets, the bloc’s financial stability watchdog
said on Thursday.
Posted by Reuters
