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ECB: Sberbank Europe AG ‘Failing or Likely to Fail’ Due to Sanctions

ECB: Sberbank Europe AG ‘Failing or Likely to Fail’ Due to Sanctions

By David Barwick – FRANKFURT (Econostream) – The European Central Bank early Monday announced that Sberbank Europe AG, a wholly owned subsidiary of Russia’s Sberbank, was, along with its subsidiaries in Croatia and Slovenia, ‘failing or likely to fail owing to a deterioration of their liquidity situation.’

28 February 2022
ECB’s Panetta: Need CBDCs to Preserve Monetary Sovereignty

ECB’s Panetta: Need CBDCs to Preserve Monetary Sovereignty

By David Barwick – NEW YORK (Econostream) – European Central Bank Executive Board member Fabio Panetta on Friday said that central bank digital currencies (CBDCs) were needed not only for central bank money to continue to serve as a standard means of payment, but also to preserve monetary sovereignty.

18 February 2022