"European Central Bank council member Axel Weber today said there is a risk the ECB will fail to meet its price-stability objective for another two years."
"'Clouds have clearly gathered on the horizon,' EU Economic and Monetary Affairs Commission Joaquin Almunia said in a statement today. 'Economic growth is becoming more moderate and the downside risks have clearly increased.' "
"Still, recent data indicate growth in the euro-area economy is cooling. Manufacturing grew at the slowest pace in more than two years in October, and business and consumer confidence declined for a fifth straight month."