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Scholz Says He Doesn't See Danger Of Financial Crisis

GERMANY

Chancellor Olaf Scholz has told German news outlet Handelsblatt, in an interview to be released in full tomorrow, that he doesn’t see a financial crisis looming in Europe following the collapse of Silicon Valley Bank and the crisis surrounding Credit Suisse.

  • Scholz: "I don't see the danger. The monetary system is no longer as fragile as it was before the financial crisis.”
  • Scholz: “The deposits of German savers are safe. Not only because of the greater resilience of the banking system and stricter regulations, but also because of our economic strength.”
  • Scholz: "We live in a completely different time. And we see that those responsible in the USA , Great Britain and most recently in Switzerland acted quickly and decisively."
USHomepagePolitical Market NewsPolitical RiskPolitical Risk BulletCEEMEABank Of England (BOE) Market NewsBulletUKMarketsFixed Income BulletsForeign Exchange Bullets
USHomepagePolitical Market NewsPolitical RiskPolitical Risk BulletCEEMEABank Of England (BOE) Market NewsBulletUKMarketsFixed Income BulletsForeign Exchange Bullets

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