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European Central Bank ECB officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses slide into bankruptcy. The main issue incoming is related to the wave of bankruptcies, said ECB Lithuanian Governor Vitas Vasiliauskas during a panel discussion with other ECB Governing Council officials, according to a Bloomberg report.Vasiliauskas noted that Lithuanian bankruptcies declined by 50 percent stanley uk in 2020. It means that we can expect some big increases this year. This risk is very important. ECB officials on the pane stanley cup l warned that government measures to prop up the economy have masked the severity of the crisis. The crisis is not over, and its economic impacts have still to fully emerge, Irish Governor Gabriel Makhlouf told the panel, according to Bloomberg. Euro-area banks are likely to face significant losses and further pressure on their already weak profitability prospects. Makhlouf added that European banks must be extremely prudent in issuing dividends this year to make sure their capitalizations are not negatively impacted.Greek Governor Yannis Stournaras and Cypriot Governor Constantinos Herodotou echoed the concern that the banking crisis runs deeper than many realize. Even though I remain overly optimistic about the medium prospects, Im afraid that the scars from the pan stanley cup nz demic will be more visible in 2021, Stournaras said during the discussion. The loan moratoria and the fiscal support measures Wzds Buyable Pins Turn Bookmarks Into Marketplaces
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