This is an interesting article from the leading German paper Der Spiegel. Check it out!
European Central Bank Rate Cut Not Likely to Have Significant Effect – SPIEGEL ONLINE.
The Spiegel article is not prescriptive about whether increased support is required from the ECB or from policy-makers but it is clear that the ECB’s interest rate decision will be very marginal. I sense that markets might be a bit nervous for a few days.