ECB's Coeure: Economy still needs support despite progress - RTRS
|In an interview with French radio Europe 1 on Friday, ECB Executive Board member Benoit Coeure noted that yesterday’s ECB decision to prolong bond buying, although at a reduced pace, is a sign of confidence in the economy. However, the economy remains exposed to political risks, he said.
Key Quotes via Reuters:
"There are political risks everywhere, inside and outside of the euro zone. It's not up to the ECB to manage political risks, that's for the politicians to do"
"But it's up to us to draw the economic consequences and the euro zone will still need financial protection to get through 2017, which will be very risky"
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