Summary of Financial Stability Review May 2014

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Financial Stability Review May 2014 summary
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Rating

7 Overall

8 Importance

7 Innovation

5 Style

Recommendation

In its semiannual report on the euro zone’s economy and financial system, the European Central Bank sounds a note of cautious optimism, tempered with plenty of warnings about what could still go wrong with the area’s feeble recovery. Many of the troubled euro-zone nations have made good progress in addressing their fiscal problems, and the area’s banks have raised capital and shed assets, though – as the latest stress tests revealed – several financial institutions still need to do more. But the continuing fragility of the global recovery, as well as potential economic and geopolitical upsets in emerging markets, offer numerous challenges to the euro area’s prospects. Though the ECB’s report is formal in tone, getAbstract recommends this authoritative assessment of the euro-zone economic powerhouse to executives, economists and investors.

In this summary, you will learn

  • How the euro zone’s economy is faring,
  • What threats and challenges could disturb its current condition, and
  • What progress authorities are making on financial sector reforms in preparation for EU banking union.
 

About the Author

The European Central Bank is the central bank for the euro and oversees the monetary policies of the euro zone.

 

Summary

What to Watch For
Two sets of challenges confront the euro zone’s strengthening economy and could affect its financial progress: The first set derives from “legacy issues” – now moderated but still active concerns about members’ fiscal and banking problems. The second set stems from “emerging...

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