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ECB’s Nowotny Warns of Massive Weakening in Eurozone Economy

Posted December 10, 2014

Under Economic Issues, International Trade Issues

(RTT News)

European Central Bank Governing Council member Ewald Nowotny warned of a massive weakness in the euro area economy and said inflation in the region is likely to ease further in the first quarter of the year.

Speaking at a conference in Frankfurt on Monday, Nowotny, who is also the head of the Austrian central bank, said there was a significant probability that inflation is set to fall further in the first three months of 2015. Read more here.