- Greece has to implement budget reforms
- No-bailout clause central to EU framework
- Don’t think much of EMF plan
- Greek bonds still eligilble as collateral, no point i discussing ratings agency role
- Absurd to question euro strength because of budget tensions
- Greek deficit will be below 3% before Germany
- Q1 to be weak in Germany, might be negative
- Economy will grow strongly the rest of 2010 after slow start
The comments came at a press conference in Frankfurt, via Reuters.
