Further comments by ECB member Ewald Nowotny
- Expects current economic view to hold
- Italy poses no threat in the short-term to the euro system
- But in the longer-term it has significant refinancing needs
If growth worries start to creep into 2019, I highly doubt they can keep up with the confident facade for long. Already, initial Q4 data isn't very suggestive of a solid rebound following the slump seen so far this year.
