ECB’s Liikanen: Situation in global economy has moved in alarming direction in recent weeks

I don’t know about you lot, but Im certainly ALARMED!!!!!!

• There is more uncertainty about economic growth than before
• ECB has acted decisively to ensure transmission of monetary policy (personally think they might have cocked up)
• Monetary policy alone cannot solve markets’ tension, governments and parliaments must act
• Sees increased risk of slower growth in Finland