- If done well
- Won’t threaten independence of governors
- Executive board to make proposal on minutes in the Autumn
- Spanish bank program fully on track
- Reforms of Spain’s savings banks comprehensive
- ECB are alert to geopolitical risks of from Syria and emerging market
- Doesn’t share enthusiasm about EZ recovery
- Domestic demand is at the root of the recovery
- Shoots of recovery are still very green
On Fed, says has not discussed any coordinated action
