European Central Bank Governing Council member Ewald Nowotny on Sunday:
- Said the euro is very likely to keep weakening against other major currencies
- “Due to the different tendencies in interest rate policies there is a great likelihood that this leads to a further depreciation of the euro”
Interview for the Wall Street Journal, reported Sunday from Reuters
Not saying anything different from what pretty much everyone has been saying for months now.
Added – here is the Wall Street Journal piece (gated): ECB’s Nowotny: Eurozone Governments Should Raise Investment Spending