Draghi: Data has shown some improvements

• Medium term inflation expectation firmly anchored
• Gradual recovery later this year
• Monetary, loan dynamics still subdued
• Monetary policy should support domestic demand
• Falling energy costs should add to improvement
• Exports should benefit from global recovery
• Revises down 2013 GDP to -0.6%
• Sees 2014 GDP at 1.1%
• Still sees downside risks for EU growth
• Underlying price pressure to remain subdued
• Sees inflation 1.4% 2013, 1.3% 2014
• Weaker growth is downside risk to inflation
• Still sees heightened credit risks
• Need to strengthen bank resilience

And the Euro soars, but that just may have been a blow off top in the currency..