- Doesn’t see triple dip recession, eurozone recovering slowly
- Eurozone not in deflation
- drop in oil prices undoubtedly good news
- Low energy prices supports household purchasing power
- There is a broad consensus in ECB on more stimulus
- ECB is discussing possible instruments
- Broad consensus on governing council is to do more.
That broad consensus only goes so far as Germany’s Jens Weidmann was quick to point out earlier today
