- EU bank oversight plan puts quality ahead of speed
- EU bank supervision only step by step
- EU leaders backed ‘solidarity fund’ idea
- Greece has a ‘good chance’ in euro on implementation, and has made a lot of effort (applause for Greece)
- More work is need though by Greece
- No joint debt as long as there are national budgets (pretty adamant on that one )
- Euro-area debt ‘not appropriate’ now
- Building up bank supervision takes time
- EU bank oversight will require 200-300 staff and must be set up in cooperation with the EBA
- Supervision needs to be of ‘good quality’
- Number of banks that will be supervised is yet to be determined
- ‘We’ll see’ if Dec 31 oversight target is met
- Draghi confirmed separation of supervision, policy
- We will find a way to get bank oversight
Bloomberg reporting
