Interviewed in Le Monde.
- Worst is over from euro crisis
- Expects deepening of EU at start of 2013 (guess he means more members)
- ECB plans ensure inflation isn’t a risk
- Recession threatens Europe as much as deficits
- He favors multi-speed Europe
- Spain needs precise terms for financial aid
- Euro area must take a political dimension
Bloomberg reporting.
- Countries in budget surplus must stimulate interior demand with salary rises and tax cuts
- Backs monthly meetings of euro zone leaders
- Euro zone must also set goals of reducing differences in interest rates
Reuters reporting comments from same interview
EUR/USD trading remains confined to a narrow range eitherside of 1.3100, presently at 1.3098.
