Bank of Greece chief warns U.S. Tariffs could slow Eurozone growth


ATHENS, Feb. 20 (Xinhua) -- Bank of Greece Governor Yannis Stournaras has warned that new U.S. tariffs on eurozone imports could significantly impact economic growth in the region, the Greek official news agency ANA-MPA reported on Thursday.

Speaking to European Union (EU) ambassadors in Athens, Stournaras highlighted that a proposed 10 percent tariff on all imports from the Eurozone, coupled with ongoing uncertainty in U.S.-EU trade relations, could reduce the region's growth domestic product (GDP) growth rate by up to 0.5 percentage points within a year.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Dutch minister calls Trump's Greenland tariff threat 'blackmail'
Massive fire kills 6 in Karachi, destroys shopping centre
Two killed in mass Russian drone attack on Ukraine, Zelenskiy says
Pentagon readies 1,500 troops to possibly deploy to Minnesota, US media say
Drone strike cuts power supply in Russia-held parts of Ukraine's Zaporizhzhia region
Indonesia finds wreckage of missing surveillance plane carrying 10, one body
Spanish PM Sanchez says US invasion of Greenland 'would make Putin happiest man on earth'
Trump wants nations to pay $1 billion to stay on his peace board, report says
Guatemalan inmates riot at three prisons, taking 46 people hostage
Roundup: Trump's tariffs threat over Greenland sparks EU pushback

Others Also Read