Germany's Scholz sees no threat of new financial crisis - Handelsblatt

German Chancellor Olaf Scholz sought to assuage fears that the collapse of Silicon Valley Bank and problems at Credit Suisse might trigger a new financial crisis, saying a more resilient banking system and stronger economy ensured savings were safe.

"I do not see the risk," Scholz told German business daily Handelsblatt. "The monetary system is no longer as fragile as it was before the financial crisis," referring to the events in 2008.

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