Euro zone economic growth was stagnant in the second quarter, missing market expectations, official data showed.
Gross domestic product in the region was flat according to the European Union's Statistics Office, falling below analysts' expectations. A poll by Reuters showed they expected 0.1 percent growth.
The pressure is now on for President of the European Central Bank, Mario Draghi, to take further action to boost liquidity, analysts have said, as Italy has fallen back into recession and Germany's economy contracted.
"Given the sheer volume of disappointing economic figures emerging from the bloc, it's clear June's measures alone won't be enough to stimulate a self-sustaining recovery," Nancy Curtin from Close Brothers Asset Management said.