Germany and Italy see output fall as continent’s economy stalls
Eurozone growth forecast cut to 0.9%; risks "are tilted to the downside," says economy commissioner
The eurozone showed zero growth in Q4
The ECB's benchmark rate sits at 2.75% now, as consumers fret about inflation and businesses navigate political risk
The benchmark European rate is now 3%
The ECB started cutting rates in June as worries about growth came into sharper focus
Falling energy prices providing relief from burst of inflation that reached double digits
Inflation in Europe is now down to 2.2%, close to the bank’s target of 2%
The question is, how many of its recommendations will the EU act on?
The door's now open for the European Central Bank to cut interest rates