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ECB's Constancio says bank health tests good for recovery
February 3, 2014 / 12:51 PM / in 4 years

ECB's Constancio says bank health tests good for recovery

FRANKFURT, Feb 3 (Reuters) - Economic recovery in the euro zone should gain speed due to the European Central Bank’s bank health checks, ECB Vice-President Vitor Constancio said on Monday.

“We believe very much that recovery in 2015 will benefit from this exercise,” Constancio told reporters at a news conference.

The ECB takes up responsibility for supervising euro zone banks from November. (Reporting by Jonathan Gould, writing by Sakari Suoninen)

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