Regaining confidence essential to euro crisis solution: Finland’s Liikanen

erkki-liikanen

Erkki Liikanen, the governor of the Bank of Finland, on Monday said restoring confidence in the euro area was a prerequisite to avoiding a recession.

At a press conference for the Bank of Finland journal Euro & Talous, Liikanen said: "For the economic slowdown to remain temporary as forecast, confidence must be boosted quickly. If not, there is a danger that the economy will slip into another recession."

Liikanen said the sovereign debt crisis in Europe was no longer only a problem for some

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