ESM's Regling says discussions have begun for a Eurozone fund that could tackle asymmetric shocks
European Stability Mechanism head Regling out with a few comments 13 Sept
"Discussions have begun for a kind of EZ rainy day fund that could tackle asymmetric shocks"
- in longer run EZ could also develop a European safe asset but that requires some debt mutualisation
EURUSD steady at 1.1973 as is EURGBP at 0.9024
I need to head away now so I'll wish you good trading.
Adam will be along shortly.
See you all back here tomorrow for the BOE fun n games.
ESM's Regling looking to start a rainy day fund