Following the latest developments of Coronavirus, European Central Bank along with all of the European countries’ Central Banks are determine to do whatever is necessary to make sure that banking recession effects are avoided.
Neil Hughes, underlines that it doesn’t appear that the Market faces a banking crisis, and businesses will be able to ‘’bounce back’’ rapidly. Primarily this stands on the people’s reaction and if people face this together like other countries did, economies will return almost intact from the tough weeks that will follow.
