PARIS (MNI) – Eurozone economic activity is “very moderate,”
dampened by slowing world demand, a drop in consumer and business
confidence, as well as the sovereign debt crisis, ECB Governing Council
member Mario Draghi said Wednesday.
Draghi, who will become the new ECB President next week, warned
that the growth picture in the single currency has darkened.
“The risks of a weakening of growth prospects are significant, in
the context of strong uncertainty,” he said in the text of a speech for
delivery at the annual “Savings Day” conference in Rome.
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–Paris newsroom, +331-42-71-55-40; bwolfson@marketnews.com
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