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Macron, Scholz Talk Up Banking Stability Following EUCO Summit

EU

French President Emmanuel Macron and German Chancellor Olaf Scholz holding (separate) press conferences following the conclusion of the European Council summit in Brussels.

  • Livestream of Macron presser: https://twitter.com/i/broadcasts/1zqJVPMgnnmKB.
  • Scholz: 'The banking sector is stable.' Macron: 'The fundamentals of the European banking sector are good.'
  • Scholz [no presser stream available due to technical issues in Brussels] says that 'EU member states will support Ukraine for as long as it is necessary'. Macron in his presser states that "We will accelerate the delivery of munitions and missiles [to Ukraine]."
  • Statement from EU leaders following the Euro Summit: https://www.consilium.europa.eu/media/63306/2023-0... "The Banking Union has significantly strengthened the resilience of the EU banking system. Our banking sector is resilient, with strong capital and liquidity positions. We call for continued efforts to complete our Banking Union in line with the Eurogroup statement of 16 June 2022."

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