Speaks in Brussels
He adds:
- Countries with fiscal space should support demand
- See persistent investment gap
- Need basis for stonger Euro area
- Italy bank deals according to intelligent rules
- Outlook for Ireland is "bright". Still risks
- Greece has made considerable reforms
- Sees recovery of employment, confidence in Greece
Meanwhile on Greece, ESM chief Regling (also speaking from Brussels) says that
- Tranche to Greece was disbursed today
- Irish economic success is remarkable.
- Important for Greece to develop debt market strategy
- But adds Greece does not need to go to markets for deficit
