• Europe is benefitting from German growth engine
  • ECB has secured monetary stability in an “outstanding way” (that’s it Angela, go butter ‘em up)
  • Euro must be kept stable, everything that runs contrary to this aim must be left aside
  • It is excellent that Spain has implemented a national debt brake
  • There will not be euro bonds (pretty definitive, end of!!)

I reckon she’ll be happy with the latest bounce back above 1.3800?