ECB plan will help euro zone, but France growth still subdued: Noyer

The European Central Bank’s bond-buying plan has improved the economic outlook for the euro zone, but growth in its No. 2 economy, France, will remain subdued in 2013 at well below 1 per cent, Bank of France Governor Christian Noyer said in an interview in Monday’s edition of Les Echos.

Noyer, who is also a member of the board of governors of the European Central Bank (ECB) said the ECB had reassured markets with last week’s announcement that it would buy up an unlimited amount of bonds issued by euro zone states.

via Business feed http://www.scmp.com/business/economy/article/1038936/ecb-plan-will-help-euro-zone-france-growth-still-subdued-noyer