- Debt reduction is a global task
- USA and Japan must shoulder same responsibility as Europe in pursuing stability orientated policies
- Spain on track with reforms and sees signs of imbalance reduction
- No direct recapitalization of eurozone banks until banking supervision is fully functional
- Sees no risk of implementation delays in the introduction of Basle 111 rules, Expects UK and USA to sign up
- Welcomes ‘broad global consensus’ on strict regulation on non -bank financial institutions
Reuters reporting
