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ECB's Constancio - Stability risk if market sell-off dents recovery
May 28, 2015 / 9:04 AM / 2 years ago

ECB's Constancio - Stability risk if market sell-off dents recovery

FRANKFURT (Reuters) - A sharp sell-off in financial markets that derails the euro zone’s economic recovery is the biggest risk to the bloc’s financial stability, ECB Vice President Vitor Constancio said on Thursday.

European Central Bank (ECB) Vice President Vitor Constancio attends a news conference at the ECB in Frankfurt October 26, 2014. REUTERS/Ralph Orlowski

Constancio made the comments as the central bank published its latest financial stability report which flagged four main concerns that also included pressures on banks and insurers from record low interest rates and a growth of other lesser- controlled parts of the banking system.

Reporting by John O'Donnell, writing by Marc Jones in London

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