- ECB needs to explain its limits of power and madate
- Markets seek reassurance from ECB to safeguard the Euro
- Should focus on ‘what is actually said’
- ECB communication is ‘walking a tightrope’
- ‘Constant extrapolation’ ( thats a big word) sows seeds of volatility
- ECB is ‘engaging more’ and ‘explaining more’ on EU crisis
- Govts need right incentive to tackle challenges
- Announcement of the LTRO was a ‘sentiment changer’
- Still considerable uncertainty for the longer term
Asmussen was speaking at a conference in Brussels
