• Need to support growth is still absolutely necessary
  • US economy could go in either direction, consequence for world huge
  • Need to look at debt situation of many countries
  • Not sure if some moving fast enough on debt
  • Linkages in global economy mean even small country problems could have large impact, Greece support was right thing to do
  • Greece is doing what it needs to do
  • No way in medium term to rebalance without having important changes in value of some developing country currencies
  • Still alot to do on improving supervision, crisis resolution plans