Euro zone economic data surprisingly positive -ECB's Schnabel

Kitco Media
By Reuters
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Reuters
NEW YORK, March 27 (Reuters) - Recent survey data on euro zone growth, including Monday's release of a key Ifo sentiment indicator, have been "surprisingly positive", European Central Bank board member Isabel Schnabel said on Monday.


In addition, unemployment is not rising and the bloc's bank sector is well capitalised, so there are no real concerns about financial stability risks arising from the recent volatility in bank shares, Schnabel told a lecture at Columbia University.
(Reporting by Michael Derby; writing by Balazs Koranyi; editing by Mark Heinrich)

Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net))
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