Comments by ECB governing council member, Francois Villeroy de Galhau
- Sees beginning of stabilisation in the euro area
It seems to be a consistent message today that ECB members are seeing a "bottom" or "stabilisation" of the economy. I will admit that there are quite a number of green shoots but I wouldn't get carried away so as to expect a solid recovery from here just yet.
As a reminder, these are the same guys that said that the euro area growth slowdown is "temporary" all the way back from early 2018.
