• Should have positive news in next couple of days
  • Full review of asset qualifications by mid-October
  • Continues to work with EIB in advisory roll and will see how ECB can continue to work on SME lending, alongside commission

On banking union

  • Misunderstanding on Asmussen comments
  • View from ECB is that supervisor makes assessment to national authority
  • Not up to supervisor to advise to shut a bank
  • Bundesbank in 100% agreement

On Greek bailout

  • Current program expires 2014
  • Any extension will require further conditionality