Market News
ECB’s Panetta Says Economic Weakness Is Worse Than Expected
The euro zone’s bout of economic sluggishness is lasting longer than anticipated, European Central Bank Governing Council member Fabio Panetta said, warning that the so far resilient jobs market may be cracking.
The weakness is “more persistent than we expected,” with a long-awaited consumption-led recovery failing to materialize, the Italian central-bank chief said.
