• Wants a Europe with UK, Poland remaining in it
  • Tensions between Eurozone and non Eurozone members requires poltiical sensitvity
  • ECB cant solve problem of Euro weakness
  • ECB sovereign bond buying is an “independent decision”
  • Rejects joint eurobonds (again)
  • Politicians are mistaken if they think ECB can solve the EU crisis
  • need to concentrate on debt reduction, not just deficits