(Bloomberg Opinion) — Europe’s lenders are staring at yet another possible crisis, this time not of their own making, and the brutal reality is that the European Central Bank can do very little to help them. That’s bad news for the real economy too.The economic hit from the rapid spread of the coronavirus will probably mean another spate of loans turning bad, a slump in demand for new borrowing, and falling income from trading and commission. The banking industry has been among the hardest hit in the recent stock-market rout. Little wonder.There are some minor measures that ECB President Christine …read more
Source:: Yahoo Finance
