- Says he expects “modest growth” in euro zone in second half
- ECB remains fully determined to counter risks to medium-term inflation outlook
- ECB ready to use additional unconventional instruments within mandate, alter size or composition of unconventional interventions if necessary
- Sys “unacceptably high unemployment” and weak credit growth likely to curb euro zone recovery
- Heightened geopolitical tensions could dampen business and consumer confidence
- Sanctions on and by Russia have had limited spillover effects on euro zone economy so far
- Risk of insufficient structural reforms could weigh on business environment
- Says he does not expect Japanese-style deflation in euro zone, situation is different
Crossing the wires – from a report in Lithuaninan newspaper ( interview published on Thursday by the Lithuanian business daily Verslo Zinios)
The same as were reported yesterday
–
EUR is dribbling lower, under 1.2770 as I type
