Speech to lawmakers in Berlin
- Crisix solution is a process
- A cause of crisis is ‘massive state debt’
- Fiscal pact, ESM send strong German signal
- Structural reforms key to sustainable growth
- Italy’s Monti and Spain’s Rajoy have taken important reform steps
- Thanks EU Commission for proposals
- Steps to tackle youth unemployment on summit agenda
- EU funds must be used to boost competitiveness
- EIB capital must be boosted by 10 bln euros
- EIB pilot project must be begun as soon as possible
- Need to use limited EU funds better
- Spain shows how necessary it is to bolster banks
- European banking oversight needed
- System-relevant banks must be under EU supervision
- Pleased that at least 9 EU countries ready to go ahead with financial transactions tax
