ECB’s Stark says German recovery not yet fully sustainable

• No risk of hyper-inflation in medium-term, the ECB VP says
• The ECB will withdraw some liquidity measures if money markets improve
• Liquidity will be phased out in a timely manner
• Growth may in Germany may top earlier projections in Q3

A bit of a mixed bag from the ECB economist. On the one hand, the ECB will remove liquidity when it can, but on the other, the recovery in the heart of Europe is not yet self-sustaining.