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Coeure: Interview with the Financial Times
The Governing Council discussion in Vilnius was about making sense of diverse signals from the economy and the financial markets. The eurozone economy is not doing so badly; in fact services and construction are doing quite well. The concerns are really around the manufacturing sector, and the source of these concerns is mostly, if not entirely, to be found outside of the eurozone and may be temporary. The signals coming from the financial markets, however, are quite alarming. Anything in particular that alarms you? The constellation of prices in the bond market paints a picture of the global economy which is very ... (full story)