Also, data released today shows a decline in Europe's PPI, as shown on the graph below.
Data released on April 2nd, shows that Europe's Unemployment Rate continues to rise to a new 12-year high, as shown on the graph below.
As I mentioned in my post of March 1st, unemployment has been rising steadily, in spite of LTRO 1 and LTRO 2...although, I very much doubt that it has any relevance or useful purpose in solving this growing problem.
