MADRID, 20 Mar. (EUROPA PRESS) –
The president of the European Central Bank (ECB), Christine Lagarde, has stressed that the institution is closely monitoring the evolution of the market after the intervention of the Swiss authorities in aid of Credit Suisse and has ensured that the central bank of the euro zone is prepared to answer “as needed”.
“We are closely following market developments and we are prepared to respond as necessary to preserve price stability and financial stability in the euro area,” he said in his speech before the European Parliament’s Committee on Economic and Monetary Affairs.
In this sense, the French company has “welcomedly” welcomed the quick action and decisions taken by the Swiss authorities, noting that these were fundamental to restoring orderly market conditions and guaranteeing financial stability.
In any case, as she has been defending in recent days, for Lagarde the euro area banking sector “is resilient”, with strong capital and liquidity positions.
In any case, he recalled that the ECB’s toolkit is fully equipped to provide liquidity support to the euro area financial system if necessary and to preserve the smooth transmission of monetary policy.
