ECB's Paramo says Q2 growth likely below Q1

European Central Bank Executive Board Member Jose Manuel Gonzalez-Paramo said in an interview published on Monday 25 July that the eurozone economy probably grew slightly less in the second quarter of this year than in the first, but longer term it should speed up.

"The second quarter results are going to be slightly less brilliant than those of the previous quarter," he said in an interview published in El Mundo newspaper on Monday.

"But on the other hand, the elements are in place for growth to

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