Expert: SVB collapse is a trigger for European economy

English Español Français العربية Русский

RSS Newsletters

Radio TV

Newsletters
RSS

LANGUAGE
English Español Français العربية Русский Documentary CCTV+

Radio TV

Download

04:52

Sparked by the collapse of Silicon Valley Bank in the U.S., financial turmoil has now spread to Europe. The Credit Suisse Group says it will borrow up to $54 billion from the Swiss National Bank to strengthen its liquidity. Liu Zhiqin, Senior Researcher with the Chongyang Institute for Financial Studies at Renmin University, says that the collapse of SVB is a trigger for the European economy.