Issing says ECB worried on stagnant euro economy

In an interview Otmar Issing has indicated that the European Central Bank is concerned about lacklustre domestic demand in the euro zone.

In an interview with Austrian weekly magazine Profil, Issing said strong, sustainable economic growth in the euro zone will only be achieved with a recovery in domestic consumption.

He said that in the second half of 2003, the euro zone's economic revival was primarily driven by external impulses.

"We expect that these effects will now translate into stronger