BRUSSELS (Reuters) – European Union finance ministers noted the speed with which recent bank turbulence in the United States and Switzerland unfolded, as a lesson for the European banking sector, the chairman of euro zone finance ministers Paschal Donohoe said.
Speaking at a press conference after the ministers’ talks in Stockholm, Donohoe stressed the European banking sector was resilient, well capitalised and liquid.
(Reporting by Jan Strupczewski and Simon Johnson)
