- Over-burdening Germany wouldn’t help euro
- Convinced debt crisis can be overcome
- Crisis is 4-5 years in, there’s some way to go
- Need single banking oversight body
- Systemic banks should be first focus of oversight
- Unlikely banking union can be completed by January 1
- Banking union needs credibility rather than speed
- Need to reassure markets with banking union
- Can’t allow ESM bank recapitalizations before bank oversight
- Bank oversight must be first, then ESM recapitalization
- EU bank supervision must be globally credible
- Euro bloc must cut debt to cut dependency on markets
Finally
- Her efforts meant to help Europe, not anger people.
Bloomberg reporting.
She’s still going……………………BUT I’M NOT!!!