Reuters - The election
of Donald Trump is a major event with lessons for Europe but it is too early to
determine if the European Central Bank needs to act to temper the ensuing
market volatility, Executive Board member Benoit Coeure told a French
newspaper.
"It holds
a lesson for Europe: in a world where shocks are increasing, Europe must keep
control of its destiny," Coeure told
Le Progrès de Lyon on Friday.
"For Europe to be strong in terms of defense and security, it must have a
strong economy. And for the economy to be strong, reforms are needed in every
country and the euro area must function better."
Coeure added
that excessive market volatility must be avoided but for now, the euro zone
recovery appeared to be gaining strength.
Reuters
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