Quote by George Osborne
There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.
Summary
This quote highlights the initial concerns regarding the possible failure of a bank in the euro-zone and the potential sovereign debt crisis in a major European economy. However, these worries have diminished primarily due to the actions taken by the European Central Bank. The ECB's interventions have played a key role in preventing such crises and stabilizing the financial situation in the euro-zone.
Topics
Fear
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