We shall see whether the European Central Bank will hold steady while some major US banks falter.
Can’t really see how that can happen, Europe is in a far worse economic situation than US at this point having been cut off from cheap energy that European economy relied upon. Not only that, but the financial systems are pretty tightly coupled meaning that if there is a crash in one it will almost certainly expand to the other.
having been cut off from cheap energy that European economy relied upon
I’m sorry to interrupt, gas prices just dropped below pre-war level:
Context is important, gas prices have fallen because Europe stocked up earlier and it’s now in a recession so demand is low https://www.reuters.com/markets/commodities/europes-gas-prices-slide-swollen-inventories-2023-05-11/
