• Euro rescue mechanisms should not be permanent
  • Euro aid instruments should buy time for struggling countries
  • Counts on Ireland aid helping to correct its difficulties
  • Cooperation between Germany and France is not easy
  • Germany and France must work together, much wouldn’t be accomplished in Europe otherwise
  • Principle of unanimity means there will be no liquidity or rescue aid against Germany’s will
  • Worried Germany is singling itself out in Europe, could endanger reconciliation
  • A euro zone country can in principle become insolvent
  • Balance is important in euro zone aid, “our tax payers won’t go along with everything”
  • I don’t think Portugal and Spain will need to tap resuce mechanism
  • There is no decision on extending repayment of Greece’s aid, just a request to examine this