• 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