- Decision-making should rest with the IBA not the ECB
- Calls for more effective tax measures, budget cuts and market reforms for southern European states
- Greece isn’t a hopeless case, as with privatisations, state debt would be cut to manageable proportions, and doesn’t support a write-off of Greece’s debt.
- Says common eurobonds are seen as inevitable
- Ducth housing markets downside risks have been underestimated
ECB’s Knot: Calls for automatic sanctions and compulsory recovery programs for EU countries with high deficits
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- ECB