- Board supports change to make mandate more specific
- ESRB assessment on foreign currency lending by year end
- Portuguese economic situation remains stressed
- Don’t unravel progress achieved by fiscal reforms, fiscal consolidation is unavoidable
- Fiscal consolidation should be growth friendly
- Spain’s CB is confronted with the need to ensure that progress with strengthening the banking sector continues*
Mario Draghi is speaking in Brussels.
*Spanish economic minister Luis De Guindos responds by saying that Spanish banks need no additional capital