- Shouldn’t always proclaim end of world if a country’s interest rates temporarily go above 6%
- Countries concerned should take rise in yields as spur to pursue reform
- You don’t find any ECB policymakers who favour targeting specific interest rates in specific countries
- See no reason for discussion of a third LTRO
- Not our job to buy governments more time to reform; that’s what bailout fund is for
- There are upside risks to uor inflation forecasts but no reason to raise rates
- Responding to Sarkozy, says best contribution ECB can make to growth is to focus on price stability
- Today is not the time for exit from crisis mode, but we must be prepared now
- Absurd to talk about euro zone break-up
- Nobody can rule out hypothetical scenario of a single country leaving euro
Reuters reporting.
