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- ECB's Governing Council member Weidmann: Economic activity has passed through the trough but the upward path to previous level is still long and fraught with uncertainties
ECB's Governing Council member Weidmann: Economic activity has passed through the trough but the upward path to previous level is still long and fraught with uncertainties
- Economic recovery in Germany initially appeared V-shaped but is now becoming flatter
- Policymakers in Germany and elsewhere have taken the right course of action
- Providing banks with ample liquidity, coupled with low-interest rates, is crucial to ensuring that economy crisis is not further aggravated by financial system
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