• If troika report delayed, even more urgent to ratify EFSF, ESM
  • Greece will not be able to be fully competitive, have a fully functioning administration by 2015
  • Should talk with Britain over “package” to implement EU-wide financial transaction tax (don’t waste your breathe)
  • Euro bonds will not be available in the crisis, warns urgently against them
  • Euro bonds would accentuate problems as they make further borrowing easier