European banks and the price of safety
Why the continent’s lenders are so different to those in America
“Greece is not Switzerland,” quipped an analyst on March 20th after the Greek central-bank governor assured investors his country’s banks would not suffer from the implosion of Credit Suisse the weekend before. Investors are anxious that troubles could contaminate euro-zone lenders. Their share prices have sunk since March 9th and are still volatile.
This article appeared in the Finance & economics section of the print edition under the headline “Euro groans”
Finance & economics April 1st 2023
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- Commercial-property losses will add to banks’ woes
- European banks and the price of safety
- Did social media cause the banking panic?
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From the April 1st 2023 edition
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