EU Commission cuts Eurozone 2016 GDP forecast to +1.6% vs +1.7% last

In their latest economic outlook review, the EU Commission downwardly revised Eurozone 2016 GDP forecast.
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ECB’s Mersch: Spillovers show closer monetary policy cooperation is needed

Speaking at the Asian Development Bank (ADB) conference in Frankfurt, ECB board member Mersch highlighted the need for monetary policy integration.
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