ECB's Benoit Coeure speaks in Rome

  • ECB will raise the inflation rate by more than half a percentage point in 2016 and 2017

  • We risk being trapped in a low growth, low interest rate equilibrium

  • EU lacks confidence in two important ways, lack of confidence in Europe and a lack of confidence between Europeans

  • The euro protected the single market

  • Without the euro, it would be unlikely our small and medium sized economies would have weathered the global financial turmoil

  • During the crisis, the euro was the greatest bond holding Europeans together

The comments on the euro are questionable at best. In the case of Europe, a definition of "bonds" don't often include a mass amount of political change in EU countries unhappy with Europe, nor basket case countries like Greece still needing to suckle from the "bonds" offered to it by Europe, instead of standing on their own two feet.