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ECB' Lautenschlager: Eurozone countries still face very large domestic vulnerabilities

FXStreet (Bali) - ECB's executive board member Lautenschlager, crossed the wires over the weekend, noting that Eurozone countries still face very large domestic vulnerabilities related to the high stocks of debt, both public and private, and to a large number of structural rigidities.

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Monetary policy can not carry the burden alone

Govts must undertake reforms while loose monetary policy buys them time

Our main concern is that across euro areas domestic vulnerabilities are still very large which implies a limited ability to withstand adverse external shocks and to kick start a new phase of sustainable growth

EUR/JPY decline was countered with a bullish engulfing

EUR/JPY decline was countered with a bullish engulfing
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BoC's Poloz: Overstatement to say IMF forecasts gloomy

Bank of Canada Governor Stephen Poloz, speaking over the weekend in Lima, at the IMF conference, said it was "maybe an overstatement" to say IMF forecasts were gloomy.
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