Bank of Spain maintains confidence in the economy

SPAIN - Director of the Bank of Spain's research department, Jose Luis Malo de Molina said on 25 September that the US economy was sufficiently strong to resist the effect of the attacks and that any downturn would only be temporary.

Europe, he went on to say, would also be able to withstand any knock-on effects as no country in the EU was currently in recession and there were sufficient mechanisms in the euro zone to counter any problems.

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