ECB's Linde: It is too early to measure the Brexit impact on European stability and recovery

The ECB governing council member and Spanish central bank head Luis Maria Linde was on the wires last hour, commenting on the post-Brexit Eurozone.

Key Quotes:

It is too early to measure the Brexit impact on European stability and recovery

Structural challenges are significant for the EZ

Deviations from inflation expectations remain a worry

It is important to note that the ability of mon pol to tackle the current challenges is limited

Aging population, low growth and productivity and high debt levels lead to disenchantment with the euro project

Mon pol cannot substitute reforms to improve competition and market functioning

Brexit should lead to a period of reflection on the future of the EU