ECB's Issing says rate policy no block to recovery

The European Central Bank's interest rate policy is no obstacle to an economic upturn in the euro zone, ECB chief economist Otmar Issing told German weekly Rheinischer Merkur.

'It is a fact that with regards to the financing conditions, conditions are perfect for an upswing,' the newspaper quoted Issing as saying.

'If this (upswing) does not materialise, it cannot be because of interest rates.'

A common monetary policy cannot help if investment conditions in some countries are unfavourable, if

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