• Nobody questions existence of euro (except all the hedge funds selling the crap out of it)
  • This is a wake up call for all policymakers in euro zone
  • National policies need to be coordinated better
  • Measures for corrections needed if budgets get out of control
  • Fears ambition on financial regulation is fading
  • ECB roles has not changed
  • Goal is price stability, additional measures don’t drive up inflation