Hard-line ECB washes hands of jobless crisis, sees no 'Japanese' deflation

``The European Central Bank has refused to take any further measures to lift the eurozone out of recession and curb rising unemployment, counting on spontaneous recovery later this year to do the job.'' -- Doubtful; the ECB will give in on unlimited Euro-easing, just like it has on every other aspect of the bailouts (besides, we're still in Draghi's "we'll do anything it takes" regime, which we read to mean "QE-to-infinity, as needed").