ECB's Villeroy speaking at the Davos conference says the EU should remain calm amid escalating trade tension, though he does stress that tariffs are bad new for activity
Importance
Level 1
- Excepts muted inflation effect in Europe.
- Downside risks in prices are at least as big as the upside.
- In relation to France, says, recent political developments are are a significant step with respect to the deficit but not the whole way.
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