• If inflation pressure builds, ECB will not hesitate to act
  • Weidmann and I trust each other (though on opposite sides of OMT matter)
  • Weidmann and I share many views, trust each other
  • Supports bond purchases under strict conditions but only so long as reform pressure remains
  • ESM aid does not automatically trigger OMT
  • ESM could be expanded as a euro zone instrument (leverage?)