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De Guindos says downside risks have materialized

The downside risks have materialized, with the first quarter worse than initially expected”, Said on Friday the vice president of the European Central Bank (ECB), Luis De Guindos.

Additional comments:

“You see the risk of a loop negative feedback between companies, banks and sovereigns“.

Withdrawal of the stimulus must be careful“.

“We must also avoid the zombification of the euro zone.”

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