The ECB released its monthly report for March stating that the current interest rates of 1.00% were appropriate. From France, non-farm payrolls were released showing lower drop than markets projected as companies are reducing costs while unemployment rates are expected to resume its incline. 

Beginning off with the ECB monthly report, the text showed that interest rate decision that was on the 4^th of March is proper for the current economic conditions while keeping in mind all the economic data.  

Expectations for economic growth is that the euro zone will grow at a moderate pace this year while the outlook remains uncertain, while inflation is projected to remain firmly anchored over the medium term. 

Regarding the stimulus measures, officials will continue pulling them out gradually while in April, the three-month loan will return to variable rate instead of the current fixed rate. Also, granting banks to receive unlimited funds for a special-term for as long as needed until nearly October 12^th 2010. 

The euro zone benefited heavily from the stimulus measures that were introduced by the ECB of 60 billion euros, yet there are major woes regarding the swelling budget deficits around Europe, especially as Greece deals with a budget deficit of 12.7% of GDP. 

The widened budget deficit aroused speculators in the markets which is hurting confidence levels and might cause another financial crisis, which is why officials are worried about speculators. As Greece's budget deficit is more than 4 times over the limit of the euro zone's set target of 3%, is spreading negative sentiment in markets. 

The annual real GDP growth for the euro zone is forecasted to be between 0.4% and 1.2% for this year and between 0.5% and 2.5% in 2011 while inflation to be between 2% over the medium term. 

Turning to France, the second biggest economy in the euro zone, released its non-farm payrolls showing that farm workers and self-employed declined 0.1% which is better than the projected reading of a decline of 0.4%. 

Finance Minister Christine Lagarde anticipates that unemployment will resume its incline, while in the through months to September climbed to 10% from the previous 9.5%. As the recession continues to ravage the nation, more jobs are lost as companies are doing all it takes to reduce costs and shake off the worst economic recession since WWII. 

The major woes in Europe continue to darken the outlook, especially the widened budget deficits, high unemployment rates and lack of liquidity in economies which is why the ECB continues to take measures to provide funds to businesses and consumers to get the business cycle moving.