Financial Stability Report No. 1, May 2014

2 May 2014

Financial Stability Report No. 1, May 2014Financial conditions in the euro-area have improved in the last few months; the countries hardest hit by the sovereign debt crisis have also benefited. There are still major risks, above all as regards the evolution of the international macroeconomic framework.

In Italy the cyclical recovery is spreading, but remains fragile. Households' financial conditions are sound, but those of firms are still difficult. The markets' assessments of Italian banks are improving, even though their profitability was affected by the very large loan loss provisions they made.

Annexes

  1. 2 May 2014
    Financial Stability Report No. 1 - 2014
    pdf 2.5 MB