ECB Praet: EU needs to be careful about industrial policy.

ECB Chief Economist Praet speaks in Berlin

ECB's chief economist Praet is speaking in Berlin. There seems not to be a prepared text released. So headlines may trickle in. Yesterday he said

• ECB could adopt their guidance if economy slows sharply
• Economic rebound likely but it's too early to say how much
• ECB has seen marked increase in risks to the economy
• 'High time' to end Brexit uncertainty with a deal

Today, he says:

• EU needs to be very careful about industrial policy