Banks, and falling bank profits, were the major weaknesses identified by the E.C.B. in the report.
That means when investors are worrying that China's economy is slowing, or that the oil price is going to keep falling, bank stocks suffer too.
Even as interest rates have fallen, bank deposits have grown at an impressive clip of almost 5 percent a year, according to Trepp, a financial research firm.
So the best news of the week, buried under all the headlines about falling bank share prices, was the sharp drop in the price of oil.
The unemployment rate climbs, the budget deficit widens because of automatic stabilizers, home prices keep falling, bank losses are much larger and protectionist pressures come to a boil.
There's something disjointed about a church turned into a brewery, a fallen bank turned into the city's first 24-hour Starbucks.
The class issue was not lost on British newspaper readers, especially workers disinclined to shed a tear over a fallen bank.
And with oil prices falling, banks that have lent heavily to energy companies could be hurt.
As output fell, banks collapsed and stock markets gyrated, people avoided unemployment in greater numbers than in any previous downturn.
When markets are uncertain, profits are down, and their share prices have fallen, banks have few options.
