Bundesbank's Weber: Phase Of "Free Fall" Ends For Germany

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The economic recovery will take a long time and the largest eurozone economy will reach the level of prosperity it had seen in 2008 possibly by 2013, Bundesbank chief Axel Weber told the German daily Frankfurter Rundschau.

And the road up will be bumpy, he said, while adding that the phase of "free fall" has stopped. Weber is also a Governing Council member of the European Central Bank.

Elsewhere on Monday, the Bundesbank in its September monthly bulletin said there remains the risk of credit supply lagging behind demand in the early stages of gradual recovery.

The economic recovery will take a long time and the largest eurozone economy will reach the level of prosperity it had seen in 2008 possibly by 2013, Bundesbank chief Axel Weber told the German daily Frankfurter Rundschau. (Market News Provided by RTTNews)