04-May-2026
Economy News
 
ECB Policymaker Says Euro Zone Recession Concerns 'Real and Justified'
04-May-2026

Concerns that the euro zone could slip into recession if the conflict in the Middle East continued are "real and justified" and talks to end the Iran war will be key for the ECB monetary policy, Bank of Greece governor Yannis Stournaras said. Stournaras, who is also a member of the European Central Bank's Governing Council, said in an interview published on Sunday in Cyprus's Phileleftheros newspaper that while the euro zone economy was resilient, its momentum has weakened.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-03/ecb-policymaker-says-euro-zone-recession-concerns-real-and-justified