- ECB’s mandate is price stability, not responsible for monitoring countries
- Don’t think working assumption that large Spanish banks could go bankrupt is appropriate
- Would not suggest reopening Pandora’s box of default mechanism at this stage
- ECB has never been a proponent of issuance of joint euro bonds but would never say never
- Cannot confirm China s buying euros rather than dollars; ask China
- Not wise to give more details on bind-buying program
- more flexible emerging currencies would be better
