- Future ESM bank recapitalisation must be requested by states
- Unrealistic to have supervision of 6,000 banks soon
- European banking supervision should be focused on systemically-relevant banks
- Little downside risk to German economic growth forecasts of +0.7% in 2012, +1.6% in 2013
- Germany determined to cut their borrowing
- Germany will exceed debt brake requirements by far
That’s enough of all that……
