The impact of U.S. tariffs on the eurozone economy is so far contained both in terms of the hit to European exporters and the amount of Chinese goods arriving into the bloc, Bank of Spain Governor Jose Luis Escriva said on Tuesday.
But uncertainty remains high and it is hard for the European Central Bank to form a final judgement on the tariff impact, Escriva he said, adding that Europe still has key assets in a changing world, such as human capital. (See MNI INTERVIEW: ECB's Wunsch Sees Less Chance Of Another Cut)