VIENNA (MNI) – Given the low cost of financing for non-financial
corporations in the Eurozone, the question is what needs to be done to
spur growth, European Central Bank Governing Council member Marko
Kranjec said Thursday.

Kranjec, who heads the Bank of Slovenia, was a member of the
audience at a conference taking place at the Austrian National Bank.
Addressing a panel discussion, he said, “If you look at the nominal cost
of financing for non-financial corporations in the Eurozone, it is as
low or lower” than prior to the crisis.

Moreover, he added, “the interest rates of the ECB are of course at
a historical low.”

“So the question is for all the panelists, ‘What should be done to
increase the growth?'” he concluded.

–Frankfurt bureau tel: +49-69-720-142. Email: dbarwick@marketnews.com

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