Modest underlying wage and price pressures, risks to med-term outlook broadly balanced
Latest monetary data show heightened uncertainty, pace of mon expansion moderate
ECB non-standard measures should mitigate mkt strains
Non-standard measures should allow SME lending by banks, ECB intends to enhance use of bank loans as collateral
EU leaders compact is a breakthrough, foundations for a fiscal compact have been laid, EU accord should prevent excessive deficits in future
Fiscal compact shows clear trajectory for EMU future, welcomes decisions to strengthen EFSF, ESM
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