Most of Europe's banks 'strong enough to survive' Covid-19 economic hit

A machine counts and sorts out euro notes.

Most of the EU's banks are strong enough to survive the impact of the coronavirus crisis, according to ECB vice president Luis de Guindos.

“In a few days’ time, the ECB will be publishing the outcome of its vulnerability analysis of banks, which is a substitute for the stress tests,” Mr de Guindos said in an interview with the Spanish news website El Independiente.