Says he expects “modest growth” in euro zone in second half ECB remains fully determined to counter risks to medium-term inflation outlook ECB ready to use additional unconventional instruments within mandate, alter size or composition of unconventional interventions if necessary Sys “unacceptably high unemployment” and weak credit growth likely to curb euro zone recovery Heightened geopolitical tensions could dampen business and consumer confidence Sanctions on and by Russia have had limited spillover effects on euro zone economy so far Risk of insufficient structural reforms could weigh on business environment Says ... (full story)