Rising Rates and Slowing Growth Put Pressure on Eurozone Banks
• Eurozone banks showing early signs of stress from rising loan defaults and late payments
• Higher interest rates currently boosting bank profits, but future profitability likely to decline
• People, companies, and governments facing economic squeeze from higher rates and slower growth
• Property companies especially vulnerable to losses as commercial real estate markets downturn
• Escalation of Israel-Hamas conflict could trigger sharp financial market selloff and economic slowdown