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The single currency also crashed to 14-month lows below $1.30 against the dollar.
The decline in longer-term rates has finally pushed 30-year mortgage rates, already at 40-year lows, below 6percentt.
And against the US dollar, the pound is trading at $1.5145 having hit two-and-a-half year lows below $1.51 this morning.
Fears Deutsche cannot pay this sum have driven its shares to 30-year lows below €10, although on Friday they rose by 4.6% to their highest level since late June.
Oil prices were back near five-year lows – below $70 per barrel – at the end of last week as commodity traders, analysts and governments struggled to come up with new forecasts for 2015.
The event takes place as oil prices hover near 13-year lows below $30 a barrel, share prices tumble and analysts try to determine the impact of China's slowing economy.
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Over all, the report "confirms that the outlook is for low, below-target inflation rather than deflation, and supports the E.C.B.'s steady-hand approach to monetary policy".
Shortly after my arrival, the Nikkei 225 index hit a 20-year low, trading below 8,000.
"Barbecue and smoking is slow cooking, slow and low, below 250 degrees," Mr. Dirks explained.
The dollar hit a 14-year low below ¥85 on Friday and rose Monday to ¥86.60.
The fall in Brent crude to a 14 month low below $100 a barrel sent oil companies sliding.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com