ECB’s Villeroy Says 2008 Financial Crisis Won’t Be Repeated Now

European Central Bank Governing Council member Francois Villeroy de Galhau said that the world isn’t about to see a repeat of the 2008 financial crisis.

“What’s happening in China doesn’t amount to serious illness,” Villeroy said on Europe 1 radio. The economic recovery in France and the euro zone is “undeniable” and “depends on us.”