BUSINESS

ECB: Pandemic has exposed vulnerabilities

TAGS: Coronavirus, Banking

The coronavirus pandemic has amplified existing vulnerabilities of the financial sector and eurozone banks are likely to face significant losses, the European Central Bank said on Tuesday. 

Even as infection rates fall in many countries, the impact of the pandemic on the economy and markets has exposed and increased the existing vulnerabilities of the eurozone’s financial stability, the ECB said in its biannual financial stability report.

[Xinhua]

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