• Banking union needs to improve credit flow to firms
  • Hollande’s gov won’t slow down reforms after EU decision to give it more time on deficit goals. (Lucky that eh, after this mornings figures?)
  • Public debt has to be reduced but at the right pace (how does two extra years sound?)
  • Europe has to think about common budget capacity which could make common debt instruments possible in the medium term.

Pierre Moscovici speaking in Berlin

He’s speaking at a university along side Wolfgang Schaeuble to there may be more sound bites shortly.

I was so excited by the headlines I promoted him to ECB member.