ECB’s Bonnici:Need to wait for more hard data to judge economic situation better

• Eurozone inflation situation is more stable, liquidity more important than rates
• ECB borrowing costs extremely cheap, inflation appears stable and not far from ECB objectives
• Greek insolvency shouldn’t be scenario, situation moving in the right direction
• Spain and Italy proposals for consolidation should be enough to get them back to fiscal sustainability

EUR/USD pressing higher around 1.3466