- Is confident about Portugal
- Euro is secure and will stay
- Contagion is still the most critical issue
- A ‘Grexit’ would put Spain and Italy under further pressure
- Sentiment has improved as a result of the ECB measures
- Need to stabilize improvement in sentiment and have single bank supervision for the single european market
- World 2013 growth including Europe will be below expectations
- Recovery is weaker than hoped
- May have to slow budget consolidation in order to avoid killing growth
- Balancing growth and budget is difficult
- Don’t see inflation as a problem on the monetary side
- ECB would react immediately to any inflation risk
- Current interest rates are appropriate
- Low interest rates make gold ‘cheap’ for investors
Bloomberg reporting