News Headline Summary

ECB's Nowotny says sees stabilisation of Eurozone

Says:
- No crisis of Eurozone currency only of some members.
- Eurozone growth outlook is for decline in 2013 and turning point in Q1 2013.
- Monetary policy transmission didn't function for ECB.
- OMT meant to restart monetary transmission.
- OMT is monetary policy and not fiscal policy.

16 Jan 2013 - 02:39 - - Source: Newswires

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