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He pointed out that the European financial system is stable, yet there are risks tied to the currency area's extensive integration into global supply chains.
“Although both the financial and non-financial sectors have shown resilience, this is not a moment for self-satisfaction,” de Guindos stated at a conference in Amsterdam. “Given the high levels of uncertainty and volatility, the chance of unforeseen events is still considerable.”
He remarked that trade disputes, the elevated expense of obtaining funding, and sluggish economic growth may still adversely affect businesses and families in the Eurozone.
De Guindos also cautioned that escalating defense expenditures in Europe might heighten strain on the region's public finances.
According to him, higher defense expenditures and major infrastructure investments are warranted given the prevailing geo-economic challenges; however, this may result in fiscal inequalities.
source: reuters.com
“Although both the financial and non-financial sectors have shown resilience, this is not a moment for self-satisfaction,” de Guindos stated at a conference in Amsterdam. “Given the high levels of uncertainty and volatility, the chance of unforeseen events is still considerable.”
He remarked that trade disputes, the elevated expense of obtaining funding, and sluggish economic growth may still adversely affect businesses and families in the Eurozone.
De Guindos also cautioned that escalating defense expenditures in Europe might heighten strain on the region's public finances.
According to him, higher defense expenditures and major infrastructure investments are warranted given the prevailing geo-economic challenges; however, this may result in fiscal inequalities.
source: reuters.com
