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Is financial stability at risk in these stormy times?
The ECB Podcast
The Real Estate Market - What Do You See?
The risks of it are particularly for countries that maybe have higher debt is if they were seen to be losing a bit control of their fiscal position. The response could actually end up in a vicious cycle where markets respond badly, the funding costs rise even further and that's where you can get sovereign crisis from. Tamara: We're also seeing a sharp drop in those intending to buy or build homes. And banks have become more cautious when giving out loans as well.
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