- ECB very important stability anchor in crisis but it should not be overburdened
- Low interest rates not without risks in the long term
- Publishing general line of of arguments within the governing council debate will be helpful (how’s that for fence sitting on publishing ECB minutes?)
- Preferential treatment of sovereign debt in European banking needs to be ended
- In real effective terms euro is close to historical average level
- From a long term perspective exchange rate has remained remarkably stable
Sabine Lautenschlaeger is in line to replace Jorg Asmussen on the ECB executive board. Going by her comments she’s the perfect German candidate.
I’ve already cocked her name up on this post so don’t be expecting anything different from here on out
