• Euro is stable both according to its domestic and foreign valuation
• The private sector and IMF will be involved in permanent euro rescue shield
• The agreement made by European finance ministers on rescue shield will be passed at EU summit
• Decisions on permanent rescue mechanism will be made unanimously in future
• Private creditors will be included on a case by case basis
• It’s important that financial aid is only granted as a last resort in future
• Expects EU leaders to approve EU treaty changes in March
• No one in Europe will be left on their own (ahhh, that’s nice)
• We need to work towards a deeper economic integration in Europe
• The solution is more harmony on competitiveness, not euro bonds