ECB releases a stability report
Vulnerabilities from emerging market slowdown have risen
Vulnerabilities from China are an important source of risk
Deflation risks have receded and economic growth is still subdued
Sees rising market spillovers from emerging to developed world
Most financial stability risks have risen since Nov
Growth slowdown would aggravate financial stability risks
Banks face low profitability and have a high stock of NPLs
I could punch this guff out for the next 10 mins so here's the report in full. It's not exactly painting a rosy picture.
