BRUSSELS (Reuters) - The euro zone economy is slowing mainly as a result of political risks which euro zone politicians should address, the chairman of euro zone finance ministers Mario Centeno told reporters on Monday.
Last Thursday, the European Commission sharply cut its forecasts for euro zone economic growth this year and next, pointing to global trade tensions and an array of domestic challenges.
"We know there is a temporary slowdown in our economies. We also know that most of the risks, as the Commission pointed out, are political risks, which call for us politicians to act" he said on entering a meeting of ministers on Monday.
(Reporting By Francesco Guarascio, writing by Jan Strupczewski; editing by Philip Blenkinsop)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app