Financial Times FT.com

Stimulus policies are still needed, says ECB

By Ralph Atkins in Frankfurt

Published: August 20 2009 03:00 | Last updated: August 20 2009 03:00

Emergency growth-stimulating policies are still needed to support continental Europe's fragile economic recovery, even though Germany and France have emerged from recession, a top European Central Bank policymaker has warned.

Axel Weber, Germany's Bundesbank president, made clear he would not rush to withdraw the extensive measures taken by governments and the ECB - which he said had helped the recent improvement in economic performance in Germany.

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