ECB's Villeroy: We need to be prudent because the recovery is still fragile

ECB's rate setter François Villeroy de Galhau was on the wires, via Reuters, noting that it's clear that the current macroeconomic environment doesn't call for a recalibration.

More headlines (via Reuters):

• Euro is not a technocratic utopia: it is a political and democratic decision
• Our current monetary policy stance should not be adjusted before we see more concrete signs that inflation can be sustained
• We need to be prudent because the recovery is still fragile
• We should withdraw last the measures that are most needed