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Euro zone growth has stabilized, ECB stimulus working as intended: Vasle
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Euro zone growth has stabilized, ECB stimulus working as intended: Vasle
Euro zone growth has stabilised and the European Central Bank's recent stimulus scheme is working as intended, even if markets may still need more time to fully grasp the scope of the package, Slovenian central bank chief Boštjan Vasle said. Euro zone growth has slowed sharply over the past year and a long predicted rebound has failed to materialise, raising fears that the bloc could fall into recession, forcing the ECB to provide even more stimulus despite years of unprecedented support. 'I do not see any reason for a further change in growth prospects,' Vasle told Reuters in an interview.
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