High oil prices 'handicap' eurozone says Issing

European Central Bank chief economist Otmar Issing said on Tuesday 26 April that the high price of oil is a "handicap" to the eurozone economy.

He also said the eurozone is likely to experience "weak" growth in the second quarter of this year.

In Germany in particular, the latest data are "anything but encouraging," Issing said on the sidelines of a financial congress. Nevertheless, the German economy could experience a "pick-up in growth in the second half of this year," Issing said.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.