I think we already knew this, didn’t we boys and girls?
- Europe needs France-Germany harmony (such a drama queen)
- Monetary policy ‘difficult’ amid country differences
- Yields, spreads have stabilized
- Stabilization after Draghi’s OMT announcement
- Greece is a special problem, will need longer
- Debt levels becoming more important than deficits
- Crucial that countries don’t depend on markets
- Crucial lesson to avoid external funding dependence
- Austria must stick to fiscal discipline
Bloomberg reporting.
