Eurozone needs ‘forceful policy response’ – Schnabel

Isabel Schnabel
ECB

The coronavirus pandemic is likely to put more pressure on eurozone banks’ balance sheets unless there is a strong fiscal policy response, European Central Bank board member Isabel Schnabel warns.

“It cannot be taken for granted that negative effects on bank profitability from depressed profit margins can be compensated by lower loan-loss provisions also in the future,” Schnabel said in a speech today (August 26).

She referred to research suggesting that pandemics are usually followed by a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: