Quotes from Commerzbank Corporates & Markets:
-The weak euro and cheap oil appear to be fuelling the euro zone economy. Even so, a strong upswing is not on the cards since the sharp rise in private debt in many euro countries in recent years is acting as a drag on growth.
-This suggests that unemployment will barely fall in many member states; output will not reach pre-crisis levels for another two to three years and much stronger inflation is not in sight. Further expansionary measures by the ECB thus cannot be discounted.
