April 1 (Reuters) - Europe could face recession if the Iran conflict drags on and oil prices jump over $150 per barrel, European Central Bank policymaker Yannis Stournaras told Greek radio on
ECB’s Stournaras Warns Europe Could Enter Recession if Oil Tops $150
Potential Economic Impact of Rising Oil Prices Amid Iran Conflict
Stournaras’ Warning on Recession Risks
April 1 (Reuters) - Europe could face recession if the Iran conflict drags on and oil prices jump over $150 per barrel, European Central Bank policymaker Yannis Stournaras told Greek radio on Wednesday.
Scenario Analysis: Oil Prices Above $150
"Right now, nobody says we'll have a recession. But if it (the Iran war) continues, if we're having scenarios with (oil prices) over $150 per barrel, nothing can be ruled out, even a recession," Stournaras, Greece's central banker, said in remarks to Parapolitika radio.
Reporting and Editorial Credits
(Reporting by Angeliki Koutantou; Editing by Edward McAllister and Andrew Heavens)
