• Stress in sovereign bond markets has eased
  • Recession in Europe can be short-lived if crisis is tackled
  • Euro firewalls are being strengthened
  • Long-delayed structural reforms are moving forward
  • Expects EU summit will boost rescue fund’s lending capacity
  • Greek PSI won’t be repeated
  • Irish aid program on track, on way to recovery
  • Sees some restoration of cost0competitiveness in Greece

Bloomberg headlines