- economic situation in Eurozone still difficult
- inflation situation has become increasingly challenging
- underlying growth momentum remains weak
- have to be very watchful that low inflation does not start filtering through economy in negatve way
- strong Eurozone recovery unlikely in coming months
- essential to bring inflation to target without delay
Honest assessment from the ECB president so far
EURUSD just a tad lower at 1.2538
Draghi Best I put on my serious face today
