Dijsselbloem is speaking in Luxembourg.
Also:
- Says swift implementation is key for the Bank of Cyrus
- Wants swift implementation also on Greek program
- Clear eligibility criteria for ESM bank recapitalisations, and a clear ‘pecking order
- Limit of 60bn euro on direct bank recap fund (but can be reviewed)
- Direct recaps require national contribution
EUR is non-responsive to all this.
