Buba's Weber on challenges to the financial system

In the speech 'Challenges to the financial system - ageing and low growth' given on 6 July Axel Weber of the Bundesbank said while the world economy continues to see strong growth, the euro area's economic upswing remains by comparison rather sluggish.

"A special matter of concern is the fact that not only euro area's actual growth, but also its potential growth has visibly declined over the past few years."

"This development stands in stark contrast to the objectives of the Lisbon Strategy, which

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