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ECB’s Guindos Says Path to Normalization Is More Challenging

  • Vice president says key risks come from outside the euro zone
  • Low bank profitability is negative for financial stability
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Guindos says the key risks to growth are coming from outside the euro zone.Source: Bloomberg

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The European Central Bank still has its sights set on a return to “normal” monetary policy, but the task has become far harder over the past year, according to Vice President Luis de Guindos.