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- European Economic and Monetary Affairs Commissioner Pierre Moscovici is confident that recent market developments in China will not destabilise the European economy
European Economic and Monetary Affairs Commissioner Pierre Moscovici is confident that recent market developments in China will not destabilise the European economy
European Economic and Monetary Affairs Commissioner Pierre Moscovici said on Tuesday that he is confident that recent market developments in China will not destabilise the European economy.
"We are carefully monitoring economic and financial developments in China and Russia. I am convinced that the recent developments on markets are not such as to destabilise the European economy," he said.
He added that there is no need to change EU's growth forecasts for 2015.
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