ECB: “European Recovery lost momentum,” “Risks to Italy on targets … – TGCOM

ECB: "European Recovery lost momentum," "Risks to Italy on targets … – TGCOM

 
 
 
 

• Tgcom24 & gt;
• Economy & gt;
• Central Bank, “European Recovery lost momentum,” “Risks to Italy on deficit targets”

September 11 2014

13:23 – Bad news on the front of recovery in the eurozone. According to the ECB, “in the third quarter, according to the indicators available until August, will lose momentum and will continue to expand at a modest pace.” You read it in the monthly bulletin which stresses that “risks remain on the possibilities of the Italian government to meet the objective of a budget deficit equal to 2.6% of GDP in 2014.”

In the case of too long a period of low inflation, “the Governing Council of the ECB is unanimous with regard to the use within its mandate to further unconventional tools to address the risks.”

“The risks to the outlook economic eurozone continue to be tilted to the downside, “added the ECB in the bulletin, explaining that the slowdown in growth could inhibit private investment and more pronounced geopolitical risks could have a further negative impact on the confidence of businesses and households.

“In terms of structural reforms – is stressed – many euro countries have made significant progress while in other countries the measures have yet to be implemented.” “Now – the ECB continues – all the reform efforts should gain momentum to reach a sustainable growth and boost employment in the Eurozone.”

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