Meeting in an inclusive format in Brussels on Friday 24 March, euro area leaders sent a unanimous message on the strength of the European banking sector as Germany’s largest bank, Deutsche Bank, was badly hit on the financial markets, a new stage in the financial turmoil seen recently with the failures of US banks and Credit Suisse.
“Our banking sector is resilient, with strong capital and liquidity positions”, they said in their statement adopted at the end of the meeting attended by...