I should hope so
- will talk about the limits of monetary policy
- need to make sure we don't cause overheating with investment
- positive that the Eurozone as a whole has moved away from negative inflation rates
- neg interest rates are not desirable for sustainable growth
- recent rise in bund interest rates is a good sign for life insurers too
He has also repeated his view that Greek insolvency can not be ruled out which I posted earlier
- it's in the hands of the Greek govt
- optimism in Athens about reaching a deal soon on aid payments is not backed up by the way negotiations are going
Mr Happy spreading more cheer around the room
