Hello and welcome to today’s live blog on the European Central Bank’s press conference, which follows today’s governing council vote.
ECB president Mario Draghi will meet the press at half 1.
All times are UK time.
14.30 And that’s it for the final ECB presser of 2012.
The most important developments were the suggestions that a rate cut had been discussed (and that some members of the governing council had supported it at the December vote) and the “growth” downgrades.
14.26 The ECB president says its “pointless” talking about eurobonds now. Why so? Because it would be pointless to talk about mutualising risk before you have put in place rules that limit fiscal discretion. Eurozone members have to rebuild trust first. “It will become realistic when trust is re-established,” he says. Read more