5.04pm BST Pressure on the ECB after weak growth figures And that’s all for tonight. Thanks for reading, and for all the comments. A quick reminder of the key points: Economists are urging the ECB to take fresh action at next month’s meeting, after the latest GDP data showed Europe’s recovery remained week. Reaction starts here The eurozone economy grew by just 0.2% in the first three months of 2014, only half as fast as expected. While Germany outperformed with a 0.8% expansion, most other countries faltered. France was stagnant, Italy and Portugal contracted, and the Netherlands’ GDP shrank sharply (although a mild winter was partly to blame). Full coverage starts here. Here’s Larry Elliott’s analysis Two top US economists have hailed the appointment of Kristin Forbes to the Bank of England’s monetary policy committee. Forbes, a former White House advisor and current MIT professor, was named as the next interest rate setter by the chancellor George Osborne today. Stocks and peripheral bonds have fallen today, as disappointing US data – and rumours that the Greek government could tax bond-holders — hit sentiment. There have been fresh protests in Athens, ahead of the Euro elections. Catch you tomorrow. GW 4.58pm… Read full this story
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