The ECB’s Papademos is saying little of note in comments out on Reuters saying that the Euro area economy will remain weak in the rest of 2009 but didn’t see deflation in the Eurozone. He’s up in front of the European Parliament and these prepared comments are followed by a Q&A session lets hope there are some MEP’s who can ask tough questions.
Eur/Usd remains comatose at 1.2950
