- Not a good idea to directly capitalize banks in trouble
- Important to get transparency in Spain back again
- Moody’s downgrades were expected
- German banks have significant exposure to Spain, but “don’t have to fear” the situation in Spain
- Governments need to take right steps to improve the crisis situation
- Idea of a banking union is good in the long-term, but won’t help solve the current crisis
Comments made by the BDB chief in an interview with Bloomberg
