- ECB might have to react if growth risks materialise
Heaven forbid you might be proactive!! Give me a break
- Better to use instruments to assist Spain sooner rather than later (yes, get a bloody move on!!)
- Greece has long-term structural problems
- Spain is in different situation than Greece
- Spanish banks are problem, not economy
- Germany paying highest price to help euro zone
- Germany is biggest winner in monetary union
- Need stronger controls over euro zone finances
- Banking union is concrete step
- First step should be stronger euro zone supervision for banks
- Details of possible help up to Spanish government
- Treaty does not allow banks directly to tap ESM
- Help for banks from ESM must be part of a larger program
- Should talk about Greece after upcoming elections
