Bankruptcy of SVB will not generate a financial crisis in Europe, guarantee ministers | euro zone

The failure of a “regional and very specialized bank” in California will not cause a financial crisis in the European Union, the finance ministers of the euro zone, the president of the Eurogroup and the European commissioner for the Economy assured this Monday, and in unison. — who, despite the volatility of the capital markets, this Monday, after the closure of the Silicon Valley Bank (SVB), expressed their confidence in the capacity of the European financial system.