- ECB’s bond buying programme cannot last forever
- No inflation risk from bond buying programme
- ECB has many unconventional measures at its disposal like liquidity measures
- ECB’s extraordinary measures are only temporary solutions
- We’re supporting strenghtening of ESM and it should be activated as soon as possible
- ESM has many advantages over EFSF
- Basic set-up of ESM is considerably more stable and better than EFSF
- All members of ESM and not only Germany should be ready to contribute more capital to ESM
- We need stable and high firewalls in ESM
- A lot more needs to happen in Greece, both fiscal side and structural reforms
- Fiscal compact is a first, cautious step towards a fiscal union
- Fiscal union has to be quickly implemented without any watering down (yer good luck with that one)
Reuters reporting,
