ECB's Mersch says Europe needs strong banks to finance the economy

Another ECB talking head up to the rostrum

IMHO banks will add benefit to the economy when they pass on the benefits of cheap money from the CBs rather than using to shore up their defences

• regulators shouldn't shield banks from new operators
• ECB to ensure inflation returns back to objective
• mon pol to remain accommodative for extended period

One ECB man not ruling anything out next month

EURUSD still around 1.0865 EURGBP heading a tad higher again as GBPUSD falls through 1.5150

ECB's Mersch says Europe needs strong banks