ECB's Coeure: Not enough evidence to conclude that euro zone facing serious slowdown

In an interview with Barron's magazine, European Central Bank board member Benoit Coeure argued that there was not enough evidence to conclude that the euro zone was facing a lasting and serious slowdown. "What we’re seeing now is that the slowdown may be broader and longer-lasting than originally forecast," Coeure added. "If we were facing new situations in the future, I’m confident we could be creative again and come up with efficient instruments, all within our legal mandate."