European Central Bank (ECB) Vice President Luis de Guindos stated on Wednesday that "the financial stability impact" of the events in eastern Europe "has so far been relatively contained" in the Eurozone.
"Markets have generally been functioning well" and "the economic fallout has not had a sizeable impact on the EU banking or financial systems as a whole," he said in a speech at the Joint conference of the ECB and the European Commission in Frankfurt.
De Guindos also called for accelerating the "green transition," especially in the light of surging energy prices and the "high dependency on fossil fuel imports from Russia."
