off-the-wire

Euro zone financial sector recovering from turbulence: ECB's Nagel

Kitco Media
By Reuters
Published:
Updated:
Reuters
FRANKFURT, March 22 (Reuters) - The euro zone financial system is recovering from last week's volatility and the European Central Bank is ready to provide all the support needed should a liquidity squeeze develop, Bundesbank President Joachim Nagel said on Wednesday.


"There was a lot of uncertainty last week (around banks). We are much better today and will see how the next weeks are going," Nagel said.


"This is not a financial crisis what we had last week," he added. (Reporting by Marc Jones; Writing by Balazs Koranyi, Editing by William Maclean)

Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net))
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