ECB's Wellink says euro surge a risk to recovery

- Central Banking staff
- 18 Dec 2003

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ECB Governing Council Member Nout Wellink said in an interview that the appreciating euro was "one of the risk factors" for the European economy and the region's growth prospects could be hindered if the euro appreciated rapidly.

Source: Reuters

A policymaker for the European Central Bank has warned that a rapid strengthening of the euro could pose a threat to the fragile economic recovery in the eurozone, a newspaper reported on Thursday.

ECB Governing Council Member Nout Wellink told the

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