ECB's Coeure: Economy still needs support despite progress - RTRS

Dhwani Mehta FXStreet

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"

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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