Official speaking at conference in Frankfurt.
I like Frankfurt. Spent some quality time there with a mate called Guy. Last I heard he was working for Soc Gen in Paris.
Some great bars in Frankfurt. Guy and I had some fun there
Anyways
- Indicators for Greece are pointing up (yippeeeeeeeee!!!)
- Greece is in ‘a tough position’ (no shit sherlock)
- ESM is effective tool to fight potential crises (you had better hope so pumpkin)
- Germany has high level of reform potential
- German competitiveness ‘isn’t God-given’
- Germany must work on competitiveness every day
- Quality is priority in setting up bank union
- German govt close to Bundesbank on bank union
- German govt not satisfied with joint liability
- Germany to go slowly on financial reform (hey, why go quickly when you can dawdle)
- Germany to go slowly despite market pressure
