The question remains how long the process will take to play out…
- No fast easy solutions to crisis; it will last years
- Europe can overcome crisis if it shows patience, sticks with plans for fiscal union
- Certain that UK will remain an important EU partner
- In UK’s interest that crisis overcome
- Ireland shows the way; Portugal very encouraging
- Redressing euro failures will strengthen Europe
- ESM ceiling will remain at EUR 500 mln
- Target is balanced budget in each EU state
