European banking approaches the cliff of high interest rates
El castigo bursátil exagera unos riesgos que todavía parecen manejables para las entidades del continente
European bank stocks have fallen 7% since early August. This decline comes as public debt yields have surged due to budget concerns and fears that rising oil prices will fuel inflation. The 20 largest European banks by assets have been affected. High interest rates can eventually harm banks, but that point has not yet been reached.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
