EMU: Financial Markets eye ECB next move - but general public can't care less what happens to financial markets

ECB: EURO

The European Central Bank is set to hold fire at its pre-Easter policy-setting meeting on Wednesday, as it continues to assess the impact of recent anti-crisis moves, analysts say.

The ECB's governing council has brought forward its regular monthly meeting to today Wednesday, owing to the Easter holidays.

But it is not expected to announce any changes in interest rates -- currently on hold at the historically low level of 1.0 percent.

Indeed, ECB watchers are keen to see whether president Mario Draghi has any further cards up his sleeve to bring the long-running sovereign debt crisis to an end, or whether the bank is now drawing up a so-called "exit strategy" to wind down the raft of recent exceptional policy measures.

As to the general public ( about 99% of the population), they really don't give a hoot what the Financial Markets say or do. They are only interested in job security and the ability to pay their bills. So far they have only seen the financial markets profit and stocks rise with no trickle down effect whatsoever on ordinary folks. Instead they are being asked by their governments to pay for the financial markets past and present failures through austerity measure, which are directly affecting their pocketbooks. 

EU-Digest