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ECB’s De Guindos: The euro area economy has proved fairly resilient

The vice-president of the European Central Bank, Luis de Guindos, said that the bloc’s economy had proven resilient but faced a number of risks, such as tariffs, that could curb growth.

Key Quotes

  • The use of the US dollar in international funding, payment and trade transactions, or as a reserve currency, will not be challenged in the short term.
  • But the role of the euro can gradually expand, especially if we deliver on “more Europe.”
  • The euro area economy has proved fairly resilient to date, supported by a strong labour market.
  • Recent developments may well have a dampening impact on growth in the euro area.


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Brazil Retail Sales (MoM) above forecasts (-0.8%) in April: Actual (-0.4%)
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United States Producer Price Index (MoM) came in at 0.1%, below expectations (0.2%) in May

United States Producer Price Index (MoM) came in at 0.1%, below expectations (0.2%) in May
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