ECB’s Vitor Constancio speakin in Frankfurt
- We’re not yet fulfilling our mandate and that’s why policy will remain very accommodative
- Business confidence is at a decade high
- Eurozone recovery is broad-based, robust and resilient
- Financial stability risks seem contained
- ECB must be patient and persistent
There’s nothing wrong with praising positive progress as long as complacency doesn’t set in. That’s what caused half the mess that Europe’s just coming out of.