- ECB’s Stournaras: Do not see any impact from SVB collapse on Eurozone banks
Market news
14 March 2023
ECB’s Stournaras: Do not see any impact from SVB collapse on Eurozone banks
In an interview with a Greek newspaper on Tuesday, European Central Bank (ECB) policymaker Yannis Stournaras said that “I don't see any impact from the collapse of Silicon Valley Bank (SVB) on Eurozone banks.”
This comes after Eurogroup's President Paschal Donohoe said on Monday, “Euro-area has very limited exposure to SVB.”
Market reaction
EUR/USD was last seen trading at 1.0695, down 0.30% on the day.
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