Morawiecki: SVB bankruptcy problems will not spread to Europe and Poland

The problems associated with the bankruptcy of Silicon Valley Bank (SVB) will not spread to Europe and Poland, said Prime Minister Mateusz Morawiecki.

"We are closely following the situation in the financial market in the United States; I see the reaction of the Fed, the Treasury Secretary, and I don't think there will be any problems related to the spread of this problem - the bankruptcy of SVB to other parts of the banking sector in the US, not to mention Europe or Poland. I'm convinced that the Americans will be able to handle it," Morawiecki said during the press conference.

Source: ISB News