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Europe Daily Bulletin No. 8718

4 June 2004
Contents Publication in full By article 24 / 38
GENERAL NEWS / (eu) eu/economy
European banking sector counting on average growth of 2% in Euro area in 2005

Brussels, 03/06/2004 (Agence Europe) - On Wednesday the European Banking Federation (FBF) announced during a press conference that its economists were forecasting average growth of 1.6% this year and 2% in 2005 in the Euro area - forecasts that are less optimistic than those of the European Commission and the ECB (EUROPE 2 May p 8 and other article in this bulletin). The chairman of the FBE's monetary affairs committee, Martin Hüfner, said that if the price per barrel of oil remained around...

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