Comments from Draghi on the wires
If warranted we will act by using all the instruments available within our mandate
We will preserve the very substantial amount of monetary support
QE will run until the end of March or longer if needed
Sees EZ inflation picking up through 2018
ECB will prevent harmful second round price effects
Sees a unique window to step up structural reforms
The rest is pretty much the standard stuff, risks tilted to downside etc etc, and he's not missing the opportunity to nudge governments again.