ECB Warns Of "Elevated" Financial Stability Risks Amid "Remarkable Exuberance"
May 19th 2021 9:36am EDT
ECB Warns Of “Elevated” Financial Stability Risks Amid “Remarkable Exuberance” In what some have dubbed a repeat of Greenspan’s “irrational exuberance” description of the dot-com bubble in the 1990s, this morning the ECB warned in its Financial Stability Review (in which it used the word “exuberance” at least 8 times), that the euro-area faces “elevated” […]
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