Eurogroup head Junckers is on the wires ahead of the EcoFin meeting in Brussels tomorrow.
- He says he sees no indication that the euro zone economic situation is turning around.
- We are in a deep recession deeper than the 1990s, he says. (Europe had a particularly deep recession in the early 90s as the cost of reunification hammered the German economy).
- US appeals for greater stimulus not to our liking
- Wait and see how current stimulus efforts work before more.
EUR/USD has dipped back below the 1.26 level late in the session as US equities slump into the close. The S&P is down 1.1%.
