EMU fiscal measures weaker than initially reported


EMU fiscal deficit was at 2,6% of the GDP and debt at 92,1% of the GDP in 2014 - in both cases higher than initially reported.
The revision comes just a day ahead of the ECB meeting, showing that governments have a limited scope for a stimulus (should it be necessary) and placing more of the burden on the central bank.
These estimates might not be the most critical market wise but certainly are not EUR positive.