17 Jun 2014
ECB's Linde warns global financial markets face risks
FXStreet (Barcelona) - Bank of Spain head and Governing Council member Luis María Linde said on Tuesday that he saw a risk of destabilization on global financial markets due to sudden changes. He stressed that the recovery in the Eurozone was fragile and that its financial markets remained fragmented while investors focused on seeking yield.
The ECB policymaker assured however that the central bank's actions were supporting the recovery in the area, and that the generous liquidity provision policy was being extended.
Linde also stated that the Spanish economy should grow by 1.2% this year, in line with forecasts. He projected that the amount of bad loans in Spain would drop along with the progress of the recovery and stressed that more economic growth was needed to boost lending.
The ECB policymaker assured however that the central bank's actions were supporting the recovery in the area, and that the generous liquidity provision policy was being extended.
Linde also stated that the Spanish economy should grow by 1.2% this year, in line with forecasts. He projected that the amount of bad loans in Spain would drop along with the progress of the recovery and stressed that more economic growth was needed to boost lending.