ECB’s Villeroy: We sent a strong message of confidence

“We sent a strong message of confidence,”European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Friday.

Additional quotes

“Our priority is to fight inflation.”

“French and European banks are 'very solid'.”

“European banks are not in the same situation as the US banks.”

Market reaction

The Euro remains on the front foot, as EUR/USD is extending its recovery to near 1.0665, at the time of writing.