- ESM is setting up an early warning for ex-program nations
- Direct recap is last defence for troubled viable banks
- Portugal has no problem borrowing at reasonable rates
Klaus Regling and Jeroen Dijsselbloem are speaking on the ESM in Luxembourg
Aside from letting us all know our tax euro’s are invested wisely, the Dieselbomb also said that program countries should deliver on reforms.
Ha ha ha, Regling adds that the ESM investments were affected by ECB action. I hope they weren’t long euro’s
