- Existing funds need to be used effectively
- Bank union is the most concrete issue to proceed with
- Need to ensure countries keep market access
- Finland is pushing to avoid common bonds
- Starting point should be no joint borrowing
- Would consider a model that brought down Finnish yields
- Finland won’t share liability in government debt
- Cherishes EU unity, but sees obligation to euro and will seek ways to strengthen it
- Will seek a fair way of integration with national responsibility ( my way or the highway)
- Will not just ‘oppose everything’ … (really?)
- Main thing is quality of supervision
- Bank union delay not the main thing
- Spain getting bank recapitalization in other way
- ESM recapitalization, depends on establishing a single supervisor
Bloomberg headlines
More negativity from the Finnish PM, come on De Jager, ….cat got your tongue?
