ECB's Coeure: Economy is resilient to global uncertainty

Author: Ryan Littlestone | Category: Central Banks

ECB executive board member Benoit Coeure

  • Preserving monetary support is still necessary
  • Urges Greece to complete milestones
  • There are positive signs coming out of Greece
  • Planning discussions on the sustainability of Greek debt

He's speaking in Bratislava at a Eurogroup meeting.

It's comment city as both EU's Moscovici and Dijsselbloem are speaking also.

Moscovici

  • Greece must complete milestones (spot the key word at this meeting) before funds can be given
  • Must remain vigilant on Prtugal's fiscal situation
  • Expects a draft budget from Spain

The Deej

  • Economic recovery is progressing and growth is stronger
  • Prior actions still pending for Greece, urges Greece to speed up implementation
  • Spain and Portuguese sanctions must continue
  • Stability pact must be more understandable

The Eurogroup powered 2500 houses in Bratislava purely on the hot air from the meeting.

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