ECB's Vujcic Says Current Tariffs Not Worst Scenario for Europe
European Central Bank Governing Council member Boris Vujcic said the current configuration of US tariffs isn't the most detrimental for euro-zone growth — striking a more upbeat tone on the outlook than some of his colleagues.
Levies imposed by the US and China on each others' products are 'prohibitive,' while Europe is still able to trade with both countries, Vujcic said on the sidelines of the International Monetary Fund's spring meetings in Washington. Some of the recent developments on financial and commodity markets are also working in its favor, he said.
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