- Slowdown of economic recovery in Europe and elsewhere requires stronger than ever political determination
- France, Italy, Belgium, Spain, (FIBS) have already ratified more flexible EFSF
- Greece has expressed strong determination to meet all commitments
- First step on eurobonds is feasibility study, which commission will present this autumn (oi, numbnuts aren’t you listening to Angela!!!)
- Necessary condition for eurobonds is further reinforcement of economic governance in Europe (and getting Angela to change her mind) Otherwise eurobonds would turn into junk bonds
- Conclusion of Greek review depends on the political will of Greece to meet agreed targets
- Now ball is in Greek court (anyone for tennis?)
This commentary was hijacked by Gerry Davies at 11:30 GMT on Friday September 16th.