- ECB hasn’t compromised goal of price stability
- ECB action has prevented paralysis of banking system
- ECB remains ready to act within its mandate
- ECB effectiveness depends on decisions of euro zone
- Credible euro-zone governanace is crucial
- Urgent to make ESM, EFSF fully operational
- Financial union should gradually take shape in coming years
- Possible to rapidly bring together bank supwervision systems
- ECB is best placed to take on supervision task
- Growth is an imperative more than ever
- Need fiscal consolidation, more competitiveness for growth
- Must reform job market, ensure financial stability for growth
Dow Jones reporting.