Mario Draghi seeks to calm fears over European banks


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European Central Bank chief Mario Draghi has sought to calm fears about the health of European banks after a "sharp fall" in their share prices.

European banking stocks have lost almost a quarter of their value since the start of the year.

But Mr Draghi said banks were now better protected from a collapse than before the financial crisis.

Individual banks and the financial system as a whole are more resilient, he told European Parliament members.

His comments come as stocks including Deutsche Bank and Societe Generale fluctuated wildly last week.

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