Comments by ECB governing council member, Olli Rehn

  • Concerned about impact of global slowdown on the euro area
  • ECB is providing substantial monetary stimulus

Rehn's call of having to overshoot than undershoot with stimulus measures was certainly answered last week but it remains to be seen if that will be enough to save the euro area economy from tumbling further.

Policymakers have been quick to call on support from governments to bolster fiscal policy and if that doesn't come any time soon, the ECB will be cornered into a very tough spot where it can't do anything but watch everything fall apart.

Fine burn