FXstreet.com (San Francisco) - Italian prime minister Mario Monti has said that providing ESM with "banking license will help" countries and "it will occur in due course." In addition, Monti has found Draghi's remarks on ECB possible steps “interesting, bold and appropriate.”
"Not an 'if' but a 'when' form the Italian technocrat," says Jamie Coleman from Forexlive.com. "Mrs. Merkel's coalition will have to weigh in first, however."
On the other hand, Bundesbank President Jens Weidmann has affirmed that the ECB "mustn't overstep" its price stability mandate. Politicians should understand that "ECB’s independence “requires it to respect."
"Not an 'if' but a 'when' form the Italian technocrat," says Jamie Coleman from Forexlive.com. "Mrs. Merkel's coalition will have to weigh in first, however."
On the other hand, Bundesbank President Jens Weidmann has affirmed that the ECB "mustn't overstep" its price stability mandate. Politicians should understand that "ECB’s independence “requires it to respect."
