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.

There was a real fear that a euro-zone bank might fail, that

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

By George Osborne

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