MADRID, 20 Mar. (EUROPA PRESS) –
The government spokesperson and Minister for Territorial Policy, Isabel Rodríguez, has launched a message of “prudence” and “caution” in the face of a scenario of possible financial crisis after the recent disappearance of Silicon Valley Bank and the fact that UBS has bought Credit Suisse for about 3,307 million euros, which has caused episodes of tension in the markets in recent days.
In the press conference after the Council of Ministers, which has been brought forward to Monday on the occasion of the motion of no confidence in the President of the Government, Pedro Sánchez, the spokesperson for the Executive has insisted that at this time “prudence must prevail” , caution and confidence” in the banking system.
Likewise, it has also valued the response of the European Central Bank (ECB), which has defended the solidity of the capital and liquidity position of European banks this Monday in a joint message with the Single Resolution Board (SRB) and the European Banking Authority (EBA)
“We highly value the ECB’s message of confidence regarding the financial stability of the EU”, the government spokesperson remarked during her speech.
Rodríguez has influenced the “alert” mode of the Government on these issues, for which it is in contact with Spanish financial institutions and also with the rest of the Member States in Europe.
In this scenario, the Ibex 35 has started the session this Monday with a fall of 0.6%, to 8,666.27, one day after announcing the purchase of Credit Suisse by its rival UBS in exchange for 3,000 million francs Swiss (about 3,037 million euros).
The rest of the European stock markets also started the day downwards, with falls of 0.89% in Paris, 0.97% in Frankfurt, 1.09% in London and 1.64% in Milan.
However, already in the half session, the Madrid parquet has risen 0.35% after 12:00, reversing the falls with which it opened the day, reaching 8,749 points. This has also occurred in the rest of the European stock markets, with growth of 0.9% on the Paris Stock Exchange, 0.7% in Frankfurt, 0.62% in Milan and 0.49% in London.
