{"id":6115,"date":"2025-04-06T09:08:38","date_gmt":"2025-04-06T09:08:38","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/04\/06\/ecbs-schnabel-says-dramatic-surge-in-uncertainty-may-get-worse\/"},"modified":"2025-04-06T09:08:38","modified_gmt":"2025-04-06T09:08:38","slug":"ecbs-schnabel-says-dramatic-surge-in-uncertainty-may-get-worse","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/04\/06\/ecbs-schnabel-says-dramatic-surge-in-uncertainty-may-get-worse\/","title":{"rendered":"ECB\u2019s Schnabel says \u2018dramatic surge\u2019 in uncertainty may get worse"},"content":{"rendered":"


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The headquarters of the European Central Bank in Frankfurt [EPA].<\/p>\n<\/p><\/div>\n

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The euro zone economy\u2019s long standing structural headwinds have been exacerbated by a surge in uncertainty which may get even worse in the wake of US trade tariffs, European Central Bank policy maker Isabel Schnabel said on Saturday.<\/p>\n

Speaking at an economic forum in northern Italy, Schnabel said the ECB would look closely in the coming weeks at the implications for euro zone growth and inflation of the tariffs announced by US President Donald Trump on Wednesday.<\/p>\n

For now, she said recent events had caused \u201ca dramatic surge in uncertainty\u201d which may be only the beginning.<\/p>\n

\u201cSome people had the view that Liberation Day (the name Trump gave to his tariff announcements on Wednesday) could be the day of peak uncertainty, but I\u2019m not entirely sure that is the case,\u201d she said.<\/p>\n

Schnabel, who sits on the ECB\u2019s Frankfurt-based executive board, directly rejected an assertion by Trump that the European Union had been formed to \u201cscrew\u201d the United States.<\/p>\n

\u201cOf course the EU was not born to screw the United States, but it was born to make Europe thrive,\u201d she said. [Reuters]<\/p>\n<\/p><\/div>\n

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