Systemic risk ebbing away: ECB's Papademos
Systemic risk was fading said Lucas Papademos, the vice president of the European Central Bank, at the launch of the central bank's Financial Stability Review in December.
"Over the past 12 months, the extraordinary policy measures taken by central banks and governments have succeeded in restoring confidence in, and strengthening the resilience of, financial systems around the world," he said.
"In particular, financial system support measures have been addressing the funding problems of key
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