Paolo Fioretti

ESM’s Fioretti: Turbulence in banking sector ‘probably’ no sign of new fiscal crisis

The recent turbulence caused by the collapse of Credit Suisse, Silicon Valley Bank and First Republic Bank will probably not mark a new fiscal crisis, Deputy Head of Financial Sector and Market Analysis at the European Stability Mechanism (ESM), Paolo Fioretti, told the Delphi Economic Forum on Thursday.