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AUG 07, 2014 - Yahoo! News

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ECB says Ukraine crisis threatens EU recovery, keeps rates low

By Eva Taylor and John O'Donnell FRANKFURT (Reuters) - The Ukraine crisis has heightened risks to the euro zone's weak and uneven economic recovery, and a tit-for-tat sanctions war could compound the problem, the European Central Bank said on Thursday as it held borrowing rates at record low levels. ECB President Mario Draghi cited instability across the Middle East as well as tensions between Russia and Western countries over the conflict in Ukraine among factors weighing on growth in the single currency area. Moscow has retaliated for European Union sanctions by halting imports ... Read More

Tags: ECB says Ukraine crisis threatens EU recovery, keeps rates low,  Russia Latest News