The headlines are rolling in. From Bloomberg: ECB SEES 2012 INFLATION AT 2.3% TO 2.5% VS PREV 2.1% TO 2.7%. - so... counterdisinflation That's the kicker: ECB sees inflation. Deus Ex Off - forget more easing at this point. Everything else is just filler. ECB SEES 2013 GDP AT 0.0% TO 2.0% VS PREVIOUS 0.0% TO 2.2% - not good DRAGHI SAYS INFLATION RATES LIKELY TO STAY ABOVE 2% IN 2012 DRAGHI SAYS MARKET TENSIONS, UNEMPLOYMENT TO WEIGH ON ECONOMY - ya think? DRAGHI SAYS UNDERLYING PACE OF MONETARY EXPANSION SUBDUED DRAGHI SAYS ECONOMIC GROWTH REMAINS WEAK DRAGHI SAYS ECONOMIC OUTLOOK IS SUBJECT TO DOWNSIDE RISKS ECB ... (full story)