• Bundesbank emphasises clear division between monetary and fiscal policy
  • Expects slightly stronger 2011 growth in Germany than IMF forecasts
  • Downside risks for upcoming winter have siginificantly increased
  • Consolidation of Germany’s budget consolidation has to continue
  • Buba supports strengthening IMF as crucial tool in times of crisis
  • IMF instruments for liquidity support of countries are sufficient
  • Ensuring unlimited and unconditional credit would overstretch IMF mandate
  • Open to assessing critieria to increase number of currencies for IMF SDRs