- can not act unilaterally
- Greece default would breach European rules
- Greece would be in default if it doesn’t pay
- Greece must continue reforms
- doesn’t see risk of Greek contagion
ECB’s Coeure repeating earlier comments made in an interview with Handelsblatt
Update:
- euro needs to be stable but good that it’s falling
- doesn’t know best level for euro
- QE will work, ready to act further if needed
Euro just retreating from itsearlier rally
EURUSD 1.1197 EURGBP 0.7457 EURJPY 132.10
Coeure – Maybe if I wish hard enough QE really will work
