The European Central Bank (ECB) has warned about the fragile outlook for financial stability due to sluggish growth in the euro-zone economy and the risks posed by higher interest rates. ECB's Lagarde and Vice President Luis de Guindos cautioned that investors may have an overly-optimistic view of the euro-zone economy. Bundesbank President Nagel and Vice President Claudia Buch also warned about the German financial system's need to fully digest higher interest rates and the challenges faced by the financial firms. The German government is facing an unprecedented budget crisis triggered by a court ruling, which could slow down the EU economy according to the OECD. The German steel sector has expressed concerns about the budget shortfall causing a loss of confidence. The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc's economy will contract again this quarter. The German downturn also eased in November, signaling a potential return to growth.
WATCH: The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc's economy will contract again this quarter as consumers continue to rein in spending, a survey showed https://t.co/U5Q9n1fpPI https://t.co/bSdlLjqXno
GERMANY FINANCIAL SECTOR FACING DARK CLOUDS, BUNDESBANK WARNS (Reuters) Germany's financial firms may be well capitalized now but face challenges ranging from rising interest expenditure and weak loan demand to unrealized losses, Bundesbank Vice President Claudia Buch. https://t.co/gooqJJtdqu
The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc's economy will contract again this quarter as consumers continue to rein in spending, a survey showed https://t.co/Y3POGMkxRw https://t.co/DdNqQxcUMd
Germany’s economy may grow next year by less than half the pace it could otherwise have achieved as the government reacts to a constitutional court ruling, Bloomberg Economics says https://t.co/S6UIORAFqT
German budget mess could inflict a big growth hit in 2024, Bloomberg Economics says https://t.co/HKZAPFr9JR via @CraigStirling https://t.co/c9gV8S0Ov0
UK business activity grows marginally in November https://t.co/5LD7XLEquW
Germany’s economy may grow next year by less than half the pace it could otherwise have achieved as the government reacts to a constitutional court ruling, Bloomberg Economics says https://t.co/Zgz07MmGJ0
Germany’s economy may grow next year by less than half the pace it could otherwise have achieved as the government reacts to a constitutional court ruling, Bloomberg Economics says https://t.co/2gyQYp9kmn
Germany looks for budget fix as steel firms bemoan loss of confidence https://t.co/Sf88xbij0O https://t.co/kbWdU2OYBM
German steel sector warns of risk to industry due to budget shortfall https://t.co/eIdLt3V6Sh https://t.co/B3sBUwgLeC
OECD: German budget crisis could slow down EU economy https://t.co/6dO65ayRZh https://t.co/MAHsfpcHPN
Easing of eurozone business woes allays fears of deep recession https://t.co/oFHMftoXeB
The vice-president of Germany's central bank has a warning for lenders as insolvencies rise https://t.co/ytmnh4gErV
Germany’s contraction eases in November in a signal that growth will soon return to the euro area’s biggest economy https://t.co/YqRcLxJczP
⚠️ OECD: GERMAN BUDGET CRISIS COULD SLOW DOWN EU ECONOMY Full Story → https://t.co/3drrDuQZpU
Germany financial sector facing dark clouds, Bundesbank warns https://t.co/HjvH8J5psz https://t.co/QedWa2G1TN
Germany’s financial system still needs to fully digest higher interest rates so it’s too soon to declare that ECB’s tightening has been well absorbed, the Bundesbank warns https://t.co/wQ8jfcoa5T
Euro zone business activity fell again in November https://t.co/Xnk6cnirdT https://t.co/o0z54ak2cR
German downturn eases in November, suggesting shallower recession -PMI https://t.co/SAgScQf2gO https://t.co/djXGPlfCCN
Germany’s financial system still needs to fully digest higher interest rates so it’s too soon to declare that ECB’s tightening has been well absorbed, the Bundesbank warns https://t.co/s6O074OdwC
Germany’s financial system still needs to fully digest higher interest rates so it’s too soon to declare that ECB’s tightening has been well absorbed, the Bundesbank warns https://t.co/QxBmIuJxDZ
German steel sector: budget hole has caused 'loss of confidence' https://t.co/6sy40Mr5V8 https://t.co/MFn4leqRlM
Euro-area business weakness increases the odds of a recession https://t.co/LPTjp1OKZ6 via @weberalexander https://t.co/3lnEYBHGyv
Germany’s contraction eases in November in a signal that growth will soon return to the euro area’s biggest economy https://t.co/zcthWd1zuo
⚠️ EURO ZONE BUSINESS ACTIVITY FELL AGAIN IN NOV, STOKING RECESSION FEARS -PMI Full Story → https://t.co/7GcnYezbS2 https://t.co/S9v8O1Fu8z
⚠️ GERMAN STEEL SECTOR: BUDGET HOLE HAS CAUSED 'LOSS OF CONFIDENCE' Full Story → https://t.co/wVWOjvCnxX https://t.co/zg7cY08hq1
Germany’s economic downturn eases as French slump persists https://t.co/LPTjp1OKZ6 via @weberalexander https://t.co/zjKbBJZ7QE
Germany’s contraction eases in November in a signal that growth will soon return to the euro area’s biggest economy https://t.co/XuuBtgm7E4
⚠️ GERMAN DOWNTURN EASES IN NOVEMBER, SUGGESTING SHALLOWER RECESSION -PMI Full Story → https://t.co/05VGrj4TaD https://t.co/lHypt47FBo
ECB warns of ‘early signs of stress’ at eurozone banks as default rates rise https://t.co/vq0ejSAhVP
The German government said on Tuesday it would immediately halt all new spending as it grappled with how to plug a gap of tens of billions of euros following a court ruling that has triggered a budget crisis in Europe’s largest economy. https://t.co/FFdswgiZ3A
Nagel says the ECB close to peak rate, can’t exclude another move https://t.co/JNUuzOzr5r via @Alemrome https://t.co/5YiaNGZbfs
Bundesbank President Nagel says the ECB is near peak for its borrowing costs, though another bout of inflation may require more tightening https://t.co/mBHpIZppS3
Bundesbank President Nagel says the ECB is near peak for its borrowing costs, though another bout of inflation may require more tightening https://t.co/tKJHkUZnXg
Bundesbank President Nagel says the ECB is near peak for its borrowing costs, though another bout of inflation may require more tightening https://t.co/KNTHs3rIDa
Germany’s ruling coalition is locked in talks to resolve an unprecedented budget crisis triggered by last week’s shock budget ruling by the country’s top court -- what happens next? https://t.co/JutcySt1ax
Eurozone Risks Recession, ECB Says https://t.co/PLIXcJiY32
Germany’s ruling coalition is locked in talks to resolve an unprecedented budget crisis triggered by last week’s shock budget ruling by the country’s top court -- what happens next? https://t.co/zhsp1oDcVv
ECB Governing Council member Mario Centeno says inflation expectations are holding near policymakers’ target https://t.co/NzHT6ohzPR
German budget crisis deepens as delay to 2024 talks looms https://t.co/JQYLOMJ9ef https://t.co/bgwXSi48nd
Euro zone's shadow banks face risk of margin calls, ECB says - Reuters https://t.co/KEXfwKwmOj
ECB Governing Council member Mario Centeno says inflation expectations are holding near policymakers’ target https://t.co/nxfUGPsqV0
ECB Governing Council member Mario Centeno says inflation expectations are holding near policymakers’ target https://t.co/qSLSm5wtOw
Germany’s ruling coalition is locked in talks to resolve an unprecedented budget crisis triggered by last week’s shock budget ruling by the country’s top court -- what happens next? https://t.co/uA5O47XR89
ECB Vice President Luis de Guindos warns investors may hold an overly-optimistic view of the euro-zone economy https://t.co/dCYr5s7ejy
ECB’s Guindos warns markets against ‘wishful thinking’ on the economy https://t.co/Xs9CiPyU1L via @weberalexander https://t.co/TNUf0JmU3W
ECB Vice President Luis de Guindos warns investors may hold an overly-optimistic view of the euro-zone economy https://t.co/8Z7EPYDEmK
ECB Vice President Luis de Guindos warns investors may hold an overly-optimistic view of the euro-zone economy https://t.co/GhAo0iczGG
🔴 ECB'S DE GUINDOS: MARKETS' SOFT-LANDING HOPES MAY BE A BIT OPTIMISTIC.
💡 ECB: Inflation and Weak Growth Risks to Financial Stability - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/G2vViu9aB4
Euro zone's shadow banks face risk of margin calls, ECB says https://t.co/GJo5jo2lad https://t.co/PiYbLNg2YO
Sluggish growth in the euro-zone economy is threatening to amplify risks to financial stability posed by higher interest rates, the European Central Bank warns https://t.co/BZ98UjNYeC
ECB warns weak economy heightens stability risks from rate hikes https://t.co/UVpnWF6wjP via @weberalexander @WindSonja https://t.co/ZELi9TzNXr
Sluggish growth in the euro-zone economy is threatening to amplify risks to financial stability posed by higher interest rates, the European Central Bank warns https://t.co/mYW18yhOuD
Sluggish growth in the euro-zone economy is threatening to amplify risks to financial stability posed by higher interest rates, the European Central Bank warns https://t.co/FzkRPkeezo
🔴 ECB FINANCIAL STABILITY REVIEW https://t.co/UMqwwd4LiC
🔴 ECB: THE OUTLOOK FOR FINANCIAL STABILITY IS FRAGILE.
🔴 ECB: A WEAK ECONOMY HEIGHTENS STABILITY RISKS FROM HIKES.
ECB's Lagarde warns against premature inflation celebration https://t.co/WD4U2g5sMQ https://t.co/vtBe2TXii2