Tuesday, January 19, 2010

ECB Official Rules Out Double Dip in the Euro Zone

http://www.cnbc.com/id/34837571

The euro zone will not fall back into recession European Central Bank Governing Council member Ewald Nowotny said on Monday, while the ECB may, at some point, want to copy Fed plans to squeeze excess cash out of the banking system.

The ECB continues to stress the 16-country euro zone faces a bumpy road to recovery following the recent financial crisis and recession.

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