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.

Print 08:40, 16 Jan 2013 - ECB - Source: Newswires