Klaas Knot has it in for France and Italy by earlier saying that the pace of reforms remains too low in the two countries.

Speaking in a Dutch RTZ-Z interview he says that reforms without the pressure of the market are not easy but need to be done and the eurozone is more stable now than in 2007.

He also mentioned the Banco Espirito Santo issue and said that he’s confident that the Portuguese authorities are able to solve the problem locally