The Hidden Warning over World Trade in the ECB’s Stress Tests
Posted October 28, 2014
(Steve Goldstein – MarketWatch)
The market’s attention to the European Central Bank’s stress test has naturally focused on the health of banks on the Continent.
But the central bank also laid out a grim scenario for world trade in the publication released Sunday.
The ECB said it paid “particular attention” to shipping exposure, and marked up provisions to 7.3 billion euros from 5.9 billion euros. Read more here.
