Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

Euro zone growth slowdown is a return to normal - ECB

Euro zone growth slowdown is a return to normal - ECB
Vice-President of the European Central Bank Luis de Guindos listens during the news conference following the meeting of the Governing Council of the European Central Bank in Riga, Latvia June 14, 2018. REUTERS/Ints Kalnins -
Copyright
INTS KALNINS(Reuters)
Text size Aa Aa

FRANKFURT (Reuters) - Euro zone growth is merely returning to normal after an exceptional 2017 and the slowdown is primarily due to weaker external demand, European Central Bank Vice President Luis de Guindos said on Monday.

He added that negative market spillovers from Italy's recent budget tussle were so far limited, and argued that Rome's main problem was not high spending but weak growth, which can only be addressed through longer term, structural reforms.

(Reporting by Balazs Koranyi; Editing by Kevin Liffey)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.