ECB seen from Goetheturm Frankfurt (Roman Kessler)ECB seen from Goetheturm Frankfurt (Roman Kessler)
  • ECB Buch: Corporate insolvencies are increasing in many countries.
  • ECB Buch: Insolvencies were quite low until recently and even fell during the pandemic, also owing to the fiscal support that many firms received.

Frankfurt, Germany — The European Central Bank (ECB) Wednesday released an interview with Claudia Buch, ECB Supervisory Board Chair, who calls for a further strengthening of banks’ balance sheet in the eurozone economies.

 “Strengthening bank resilience is a top priority”, Buch’s interview issued in a newsletter is titled. She specifically addressed rising corporate insolvencies as an issue:

Buch is quoted in the interview as follows:

We are seeing an uptick in corporate insolvencies. This is already having an effect on the banking sector, for example through an increase in loans classified as underperforming.

By Silvia Orfeo

Silvia Orfeo is a Sr. Politics and Economics Reporter at Nobot.News

Leave a Reply

Your email address will not be published. Required fields are marked *

GDPR Cookie Consent with Real Cookie Banner