- Competitiveness and solid budgets are up to governments
- Impact of rate adjustments has evaporated
- Investors are pricing in a euro break-up
- OMT aims to counter ‘irrational fears’
- ECB ‘does everything within its mandate’
- Will do everything to ensure euro is irreversible
- Nations must make ESM request for aid first
- It’s clear that there’s no automatism on aid
- ECB will assess each and every single request on aid
- Will only purchase bonds on the secondary market
- OMT is not state financing, won’t have any inflationary tendencies
- ECB is not starting a printing machine
- German inflation concerns are ‘especially high’
- Sees inflation falling below in 2013 below 2%
- Governments have made considerable progress, but need to ‘act decisively’ on the debt crisis
- Ireland , Portugal and Greece have made big efforts
- The Impression that ‘nothing has happened ‘ is wrong, there are tendencies to only see ‘own weaknesses’
- It’ll take time for reforms to show on economic data
- Ireland’s return to market is ‘good news’
- ‘Almost all’ euro states still have work to do
Bloomberg headlines
