ECB’s Stark: Would be fatal if currency wars evolved in to race to devalue
    - Inappropriate currency movements damaging to economic and financial stability
 - There are good reasons to assume Chinese yuan will gain in value going forward
 - Currency volatility cannot be avoided without better coordination of fiscal, monetary and economic policy
 - Appeals for better coordination of government budget deficit levels on global level, similar to euro zone
 - Process of normalisation in eurozone is underway
 - Have not yet returned to pre-crisis levels of normality
 - Will continue to buy government bonds for as long as necessary
 - Individual banks cannot rely on continued ECB support measures to ensure refinancing
 - Member states and regulators need to take responsibility for working out solutions for weaker banks
 - Have not reached end of restructuring and consolidation of banking sector in eurozone and other regions
 - Household deficits must be brought under control, no country exempt from taking further measures
 - Need changes to stability pact, new measures to monitor macro economic developments
 - After old stability pact has been watered down, new processes needed for imposing sanctions
 
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