Market turmoil could hold back euro zone inflation: ECB's Coeure

Europe's financial market turmoil could delay a rise in inflation even further and banks will need to be fixed with forceful action over time, European Central Bank Executive Board member Benoit Coeure told a German newspaper on Saturday. The euro area inflation outlook is already weighed down by sharply lower oil prices and slowing global growth, and the market volatility is compounding the problem, Coeure told Rheinische Post. Euro zone bank shares are down nearly 30 percent since the start of