Simkus Says Situation Moving Toward ECB’s Adverse Scenario

The Iran war is pushing the euro-area economy closer to the European Central Bank’s adverse scenario, Governing Council member Gediminas Simkus said.

“A few weeks ago, the ECB published its scenarios for economic development: the main, the less favorable and the least favorable,” he told LRT.lt in an interview. “I would think that the situation is moving toward the less favorable scenario.”