Don’t know if he means the problems are over or it’s “game over”
- ECB faces huge logistical challenge (how many trucks to use to deliver the next LTRO)
- Bank union will relieve need for non standard measures
- Stress tests must be completed before SSM starts
- There must be no “wait and see what happens”
- Should push for 2015 bail-in start date
- Crisis only slowly tapering off in EU
- The situation is still very fragile
- Data shows that growth is slowly improving
- OMT reassured markets
- Imbalances are gradually receding
- Confidence is slowly returning
Blah blah blah.