ECB warning: the recovery has lost momentum, in Italian situation worse … – The Messenger

ECB warning: the recovery has lost momentum, in Italian situation worse … – The Messenger

“In the third quarter, growth in the eurozone, according to the indicators available until August, will lose momentum and the expansion will continue at a modest pace “, writes in the ECB monthly bulletin, adding that the recovery will continue to weigh, among other things,” a high rate of unemployment. “

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

“In the eurozone remain downside risks.” “The risks to the eurozone economic outlook continues to be tilted to the downside.” The ECB specifies that the slowdown in growth could inhibit private investment and geopolitical risks more accentuated could have a further negative impact on the confidence of businesses and households.

“Risks for Italy on the goal deficit.” “risks remain – says the ECB – the Italian government’s ability to meet the objective of a budget deficit equal to 2.6% of GDP in 2014, especially after the economic situation was worse than expected. ” The ECB suggests “a further consolidation of the budget to be in line with the Stability and Growth Pact.”

 11 September 2014 10:35 – Last Updated: 12:48

 © ALL RIGHTS RESERVED
 

 
 

BECOME A FAN OF THE MESSENGER