The vice-president of the European Central Bank, Luis de Guindos, said that the bloc’s economy had proven resilient but faced a number of risks, such as tariffs, that could curb growth.
Key QuotesThe use of the US dollar in international funding, payment and trade transactions, or as a reserve currency, will not be challenged in the short term.But the role of the euro can gradually expand, especially if we deliver on “more Europe.”The euro area economy has proved fairly resilient to date, supported by a strong labour market.Recent developments may well have a dampening impact on growth in the euro area.