Undeniably true. Peripheral bond spreads and the exchange rate are proof that Draghi’s vow to do whatever it takes and the subsequent OMT program have had a major impact.
- ECB helped improve situation in euro zone
- We can look with optimism into 2013
- ECB sees positive contagion in the euro area
- ECB expects the economy to improve this year
- No danger of recession in German
- ECB would act if inflationary signs emerge
- Currently no inflation pressures in euro zone
- Greece now back on track; more has to happen
- Ireland, Portugal preparing to return to market
- Spain has made real progress, especially in banking; needs more labor reform
- Cyprus debt report not expected before end of March
- Restoring competitiveness in France essential
The German ECB managing board member weighs in on all the hot-button issues of the day.
