Calvino points to the “strength” of Spanish banks after German stocks fell

Senior Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calvino, today referred to The “fortress” of Spanish banks After the declines in the shares of German banks Deutsche Bank and Commerzbank.

At a press conference at the Government Palace in La Rioja, and journalists asked her about the impact of the German banking situation in Spain, she considered that “We are in a moment of huge uncertainty and volatility in the financial markets international”.

He added, “The rapid rise in interest rates led in the first place to Deflate the bubbles that were present in some markets As, for example, in the field of cryptography.

He also said:Show the weakness and fragility of some banking modelsAs it happened in the United States, or in some banks in Europe.” In this sense, he saw that “ The authorities’ reaction has been quick, prompt and efficient to avoid any infection“.

He noted that “the governor of the Bank of Spain spoke loud and clear He confirmed the strength of the Spanish bankswhich has higher solvency and liquidity than other European banks.


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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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