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Euro zone slowdown mainly due to political risks: Eurogroup's Centeno

Reuters  |  BRUSSELS 

(Reuters) - The zone economy is slowing mainly as a result of political risks which zone politicians should address, the of zone finance ministers told reporters on Monday.

Last Thursday, the 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)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 19:45 IST