The Traderszone Network

Published in TZ Latest News 9 November, 2014 by The TZ Newswire Staff

Euro zone risks self-fulfilling loss of momentum: ECB’s Coeure

The euro zone economy is at risk of slipping into a self-fulfilling loss of growth momentum, European Central Bank Executive Board member Benoit Coeure said on Sunday, underlining the ECB’s readiness to act if needed. Coeure pointed to the latest economic indicators and the European Commission’s downward revision of its growth forecasts and called for “forceful and consistent action” on the monetary policy front, but also for fiscal and structural measures.

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