Bloomberg and Reuters both reporting on the matter, citing EU sources
- Signs of weakness are increasing
- Economic rebound is weaker than expected
- Fiscal expansion may be needed
- If inflation path is not sustained, additional stimulus will be required
It's a similar message to what he told markets earlier this week but this just reaffirms the fact that they could choose to act sooner than expected if economic data deteriorates further. Today's PMI survey data was more encouraging but the economic outlook remains bleak. Next Friday's inflation data will be a key one to watch.