• No necessity for debate on boosting EFSF/IMF funds
  • Germany ready to speed up ESM payments. to make EUR 11 bln in payments this year
  • Faster payments to be a topic at the EU summit at end of week
  • Speech in parliament ends

Germany remains hunkered down on not increasing the “firewall” despite broad agreement from within the and without the EU that such a move is warranted.

EUR/USD back below 1.3380.