ECB Executive Board member Benoit Coeure said Eurozone is facing a broader and longer slowdown, but not a lasting and serious one. And he’s confidence that ECB has existing and new tools to fight a slowdown.
Coeure told Barron’s in an interview that “We don’t think that we have enough elements to conclude that we’re facing a lasting and serious slowdown of the euro zone economy.” He added that “what we’re seeing now is that the slowdown may be broader and longer-lasting than originally forecast.”
