• Program countrries should stick to Fiscal targets
• Confident that the so called ‘6 pack’ package of laws will be concluded by end of September
• Once review is complete, we should be able to proceed with disbursement of the next tranche of Greek aid
• Greek govt has taken important steps that go a long way to meeting fiscal targets for this year
• EU needs to contain turbulence in financial markets
• US economic outlook is ‘worrying’