ESRB urges swift implementation of emergency measures

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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

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