ECB is facing tougher challenges than the US Federal Reserve,

 ... according to Governing Council member Yannis Stournaras, who sees a first rate cut in June.

“The ECB has to deal with more difficult problems than the Fed,” the Greek central bank chief said Monday, citing fragmentation in the euro area’s banking system and the legacy of the region’s sovereign debt crisis.

Bloomberg 26 February 2024

https://www.bloomberg.com/news/articles/2024-02-26/ecb-faces-bigger-problems-than-the-fed-does-stournaras-says

ECB Warns Banks of Consequences for Poor Property Risk Management

https://englundmacro.blogspot.com/2024/02/ecb-warns-banks-of-consequences-for.html