No sign of sustained recovery yet - ECB's Schioppa

ECB Executive Board member Tommaso Padoa-Schioppa said on Saturday 6 September that after so many disappointments it is hard to believe in an imminent recovery. While "some signs" of recovery exist, Padoa-Schioppa said the euro zone economy has yet to see evidence of sustained growth.

Source: Reuters

Europe's economy is showing some signs of a recovery but there is no evidence of a sustained comeback, a European Central Bank (ECB) board member was quoted as saying on Saturday.

"I understand that

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