Challenges remain despite 'calmed' markets, says National Bank of Austria


Monetary and fiscal measures "noticeably calmed uncertainties in the markets" in the first half of 2013, but "market confidence remains fragile and conditions diverge considerably among euro area countries", the National Bank of Austria (OeNB) said in its twenty-fifth financial stability report, published on Monday.

OeNB governor Ewald Nowotny said at the presentation of the report that "continued efforts to strengthen the financial sector remain necessary to ensure a sustainable recovery" –

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