Straight from the horse's mouth, ECB vice president Luis de Guindos outlined the findings of their biannual Financial Stability Report. Real-estate bubbles, a no-deal Brexit, and high government debt levels, particularly in Italy, were increasing stability risks for the bloc. He also predicted that, from an already exceedingly low level, banking profitability is likely to fall further this year - return on equity to below 6 per cent this year and only move above here in 2021.
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