ECB's Issing points to signs of recovery

SPAIN - Otmar Issing, the chief economist of the European Central Bank, said in an interview "the first signs of recovery are now appearing, but we still have to see what will be its scale. And we cannot rule out that it will end up being stronger than is thought."

Issing says "growth in the eurozone has been at around zero since the summer, and in the first quarter of this year it is not going to be much stronger."

In the interview, Issing argues "the level of the euro will reflect progress in

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