After leaving rates unchanged and following Kuroda's efforts overnight, it appears Draghi had to do something in his press conference. Despite Barroso's assurances that the worst of the crisis is over, ECB's Draghi admits: *DRAGHI SAYS ECONOMIC WEAKNESS EXTENDED INTO BEGINNING OF YEAR *DRAGHI SAYS RISKS TO ECONOMIC OUTLOOK ARE ON DOWNSIDE *DRAGHI SAYS RECOVERY IN 2H IS SUBJECT TO 'DOWNSIDE RISKS' *DRAGHI: WEAKNESS IS EXTENDING TO COUNTRIES W/OUT FRAGMENTATION *DRAGHI SAYS ECB WILL ASSESS DATA AND STANDS READY TO ACT This 'negativity' jawboning, which is really nothing new to anyone who looks at real data, has ... (full story)