ECB’s Weber says the current economic recovery is largely due to state stimulus and may not be sustainable.
The official told Die Zeit “The recovery we are seeing right now, is to a great extent due to public sector measures” adding “the economy is not standing on its own two feet yet.”
Weber feels it is still too early to roll back stimulus measures. Feels German economy is unlikely to reach 2008 levels before 2013. Sees risk of slower growth over coming decade than in previous periods.
