Peter Praet: Creating stability in an uncertain world Speech by Mr Peter Praet, Member of the Executive Board of the European Central Bank, at the conference &quot;Brexit and the implications for financial services&quot;, jointly organised by SUERF and hosted by Ernst &amp; Young, London, 23 February 2017.
* * *  Resilient recovery in the euro area The economic recovery in the euro area is continuing at a moderate, but firming, pace, and is broadening gradually across sectors and countries. Real GDP growth has expanded for 15 consecutive quarters, growing by 0.4% during the final quarter of 2016 according to the Eurostat flash estimate.