ECB's Christian Noyer and Ewald Nowotny from Montreal Canada

  • European economies are on the rise
  • Situation is much different than several years ago
  • I am anxious for Greece to restart their economy and they need to pursue reforms
  • Some countries on the periphery have fixed their fiscal weaknesses and have engaged in structural reforms producing higher growth rates
  • When talking about urgency of Greece reaching a settlement says it's a matter of days
  • We still haven't seen a convincing set of proposals from Greece yet

Adam's itching to fire off a couple of questions

  • Combination of QE and low rates pushed a big part of the yield curve
  • Central banks are not there to help guide every basis point in every market
  • It's normal to see some sort of market correction