• The euro is in danger (ouch)
  • If the euro falls, Europe falls
  • ECB independence essential, securing price stability is ECB’s top priority
  • EU states must speed up budget consolidation
  • We need reform of the stability pact
  • Want tougher sanctions against states that do not respect EU fiscal rules
  • Must speed up work on Europe-wide financial supervision
  • Germany willing to act alone on short selling ban
  • We have to ensure that banks cannot extort the state anymore
  • We need a tax on financial markets, be it financial transaction tax or levy
  • Europe ready to act on financial market tax if no G20 deal
  • Need to have possibility for orderly insolvency in euro area