Where ignorance fears to tread.
27 March 2017 10:42 (South Africa)

Europe’s top banker bears sort of good news


Jean-Claude Trichet, the president of the European Central Bank, claimed on Thursday that the worst is over and the Eurozone economy was out of freefall. Then came the hedging part: the pace of recovery will be gradual and the visibility low. While some of the countries, like Germany and France, Greece, Poland, Portugal and the Czech Republic are already out on positive growth, the performance of some, led by the UK, have dragged the overall economic activity in the zone to negative growth of 0.2%, prompting Trichet to keep the ECB interest rate unchanged at 1%.

Get overnight news and latest Daily Maverick articles

Do Not Miss

Daily Maverick has suspended comments on the site. Until the interwebs figures out a better way to deal with the naughty kids in the class, the space for your comments is on our Facebook page and the Twitterverse.

Alternatively, you are welcome to send a letter to the editor.