Bundesbank warns of 'growing risks'

The Bundesbank Vice President warned that risks to the financial system are growing, saying, "If too many risks materialize at the same time, it can be dangerous." The Bundesbank, Germany's central bank, has issued a financial risk warning. Bundesbank Vice President Claudia Buch warned in a statement to the Handelsblatt newspaper that risks to the financial system are growing. Buch, who is responsible for financial stability at the Bundesbank, said, "There are many risks at the same time. Each risk may seem manageable, but if too many risks materialize at the same time, it can be dangerous."