Ewald Nowotny

Financial markets may have been disappointed by the European Central Bank's latest round of policy moves, but it still has other measures up its sleeve to boost recovery in the euro area, executive board member Yves Mersch said.  

"As the Gauls say, if the sky doesn't fall in, we still have other ammunition we can use," Mersch told journalists at a dinner late on Dec. 9.  

Any solution to Greece's financial woes is more of a political than an economic question, European Central Bank policymaker Ewald Nowotny said on Monday, as eurozone finance ministers meet to continue Greek debt talks.

European Central Bank policymaker Ewald Nowotny thinks that a Greek exit from the eurozone would be a disaster for Greece, he said on Monday.

"For Greece it would a catastrophe, for the other euro countries a massive problem," Nowotny said an event in Vienna.

VIENNA - The European Central Bank is concerned about the risks of deflation or stagnation arising from the current situation of too-low inflation in the euro zone, ECB policymaker Ewald Nowotny said on Tuesday.