ECB's Villeroy: Determined to be as accommodative as needed for as long as necessary

European Central Bank (ECB) Governing Council member and Bank of France Head Villeroy recently crossed the wires arguing that the eurozone economy was slowing down but was not in a recession. 

Key quotes (via Reuters)

• French, Spanish economic resilience will help protect eurozone growth.
• We said clearly we are determined to be as accommodative as needed for as long as necessary.