- If eurozone members don’t innovate ‘we will lose’
- Solidarity in the Eurozone is in Germany’s interest
- All states need to boost competitiveness
- Markets have trouble understanding the Eurozone
- Crisis can’t be fought without some economic hardships
- Hope ECB moves will give Spain and Italy more time
- ECB decision was taken within the bank’s mandate
- But won’t comment on ECB decision
- Spain and Italy’s efforts to curb budget spending and improve competitiveness are ‘very impressive’
- ECB’s ‘unlimited’ role was said to avoid speculation of limits
- ECB isn’t financing sovereign debt
- No bank recapitalization without supervision
Comments made in a talk with his opposite number Anders Borg in Stockholm.
