ESRB urges swift implementation of emergency measures


The European Systemic Risk Board (ESRB) on Thursday called on eurozone governments to ensure the rapid implementation of emergency measures, seen as necessary to avoid a banking crisis in the region.

After its fourth general board meeting in Frankfurt, the ESRB characterised the current crisis as a "threat to systemic stability". It said overall conditions in Europe had worsened since its last meeting, as a result of the intensification of negative interlinkages between sovereign risks and the u

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