- No compromises in pursuit of price stability
- Sees inflation as stable over medium-term
- EZ recovery is becoming more or less self-sustaining
Trichet is on the wires as well:
- We will always do what is necessary
- We are never precommitted
- Present interest rates are appropriate
- Banks that need to should recapitalize
- Data confirms gradual recovery
- Does not exclude using EFSF funds for recapitalizing banks, buying bonds (it is starting to sound like a piggy bank rather than a rescue fund…)
