ECB’s Asmussen says Germany must reform or be the “sick man ” of Europe again

• on the wires
• says he sees no reason to expect German Q2 growth to be better than Q1

Coming from a German that can be deemed a little wake-up call from within

More:

• sees no Eurozone inflation pressures
• says ECB will act if inflationary pressures start to emerge
• sees banking union by summer 2014 but can’t have supervision without resolution

EURUSD lower at 1.2865