- We should create a financial market union to address financial market stability (watered down fiscal union?)
- ECB conditions are: Price stability mandate must remain untouched; independence unimpeded, must be able to act effectively
- ECB ready to take responsibility as European financial regulator if certain conditions are met
- Banking and sovereign debt are so closely linked that problems in one can affect the other
Reuters headlines. Asmussen is the German on the ECB managing board.
