“Nothing can be ruled out, not even a recession,” said the president of the Bank of Greece
April 1 (Reuters) – Europe could face a recession if the conflict with Iran prolongs and oil prices surpass US$150 per barrel, said on Wednesday Yannis Stournaras, a member of the European Central Bank’s (ECB) monetary policy committee, to a Greek radio station.
‘At this moment, no one says we will have a recession. But if the war with Iran continues, if we have scenarios with oil prices above US$150 per barrel, nothing can be ruled out, not even a recession,’ said Stournaras, president of the Bank of Greece, in remarks to Parapolitika radio.
