ECB's Coeure: Recent broadening of euro area recovery is an ‘encouraging development’

Key highlights from the speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the Competitiveness Research Network (CompNet) conference on "Innovation, firm size, productivity and imbalances in the age of de-globalization" in Brussels, 30 June 2017:

• None of the euro area economies are now faced with negative inflation rates, nor with negative growth rates
• The recovery currently under way in the euro area is increasingly broad-based
• The closer countries are to the euro area average, the more likely it is that our policy is appropriate for them
• Our monetary policy measures have materially reduced financial fragmentation and that their positive effects are increasingly spreading more evenly across the euro area