ECB vice president, Luis de Guindos, remarks
- European banks not likely to recover from the virus crisis before 2022
- The recovery of the Eurozone economy will be a vital factor in banks' solvency
He's not really touching on anything important in his lecture today, but the ECB in general doesn't have much to offer as they are in a wait-and-see mode currently. Policymakers are largely looking to assess the pace of the recovery and how sustainable it is before painting their next bias and strategising for next year.