• ECB is ‘not firing up printing press’
  • Aid request’ won’t automatically trigger ECB buying’
  • ECB will decide on each case regarding bond buying
  • Europe is making good progress on deficit reduction

On China…

  • Paying back state loans is hurting some Chinese regions
  • Some local governments are close to broke
  • Questions sustainability of Asian economic growth
  • Rich-poor divide is widening due to Asian policies
  • China survived crisis through domestic investment

Comments made in a speech in Kronberg, Germany