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A mix of high inflation and low growth. This is the main risk for the financial system that could weigh in the future and that Luis de Guindos, vice-president of the European Central Bank (ECB), highlighted during an interview with “Handelsblatt”. “Macro risk, or the possible consequences for the overall economy; higher inflation and slower growth are the greatest risks, even for banks”, underlines De Guindos, answering the question of what is the greatest risk for the financial system .
De Guindos then focuses on the theme of inflation and indicates that the focus remains on the dynamics of wages which must be closely monitored.