ECB's Coeure says economy still needs support despite progress
Tweet
Share
E-mail
Benoit Coeure, member of the Executive Board of the European Central Bank (ECB), attends a Lamfalussy Lectures Conference in Budapest, Hungary, February 1, 2016. REUTERS/Laszlo Balogh
PARIS (Reuters) - The European Central Bank's decision this week to slow the pace of its asset purchases is a sign of confidence in the economy, though it still needs protection heading into a busy electoral year, ECB Executive Board member Benoit Coeure said.
"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," Coeure said on French radio Europe 1.
"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," he said, adding that he did not see a risk of banking crisis.
(Reporting by Leigh Thomas; Editing by Ingrid Melander)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US, Japan join Philippines in South China Sea drills
- Australia to raise concerns over new tariffs with Trump, PM Albanese says
- At least 21 people injured in New York City fire
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
