ECB'S Coeure speaking to Il Sole 24 Hore and reported by Bloomberg
- low flat yield curve offset by expanded volumes
- lower risk reduces loan loss provision
No great shakes. Draghi made it clear at the last presser that helicopter money was not discussed.
- only a sharp euro appreciation would be a concern
Again, nothing we don't know but worth noting again anyhow.
- some ECB critics miss bigger picture
- critiques do no hamper ability to function
- cautiously optimistic on Greece
- Greek banks now in solid capital position
EURUSD 1.1302 just off session lows
ECB's Coeure - only a sharp rise in the euro would be a concern
