ECB chief economist Peter Praet speaking in Sole published today 24 March
- inflation risk in EZ is now gone
- deflation risk in EZ is now gone
- ECB didn't discuss sequencing
- more slack in jobs market than data shows
- doubts multi-laterism are worrying
On Italy:
- return to lira won't solve Italy's problems
- low growth shows acute structural problems
Nothing of any real note that we didn't already know.
Euro suitably unfazed.