Busy times at the ECB right now
- ELA may need to become a euros system task
- may consider better rules for ECB role in Troika
- must monitor financial stability risk very carefully
- mon pol not first line of resistance against financial stability risk
- too long period of low rates provides fertile ground for financial stability problems
Says the man ready to push the button on further monetary easing
It'll all end in tears
- Eurozone recovery is slow but stronger and broader than in the past
- ECB mon pol is proving effective
- recovery taking place in previously stressed countries
- recovery driven consumption and investment
EURUSD 1.0719 after finding buyers below 1.0700 but equally rally sellers into 1.0735 to fill the gaps caused by his earlier comments
Draghi - Has financial stability concerns
