Draghi in European Parliament
- Financial conditions were resilient after the Brexit vote
- Real economy resilient so far
- Brexit consequences depend on length of uncertainty
- Monetary policy has been effective
- Low interest rates are a symptom of low growth
- European banks suffer from overcapacity, duplication
Lately, the ECB hasn't been gently hinting that some M&A in Europe would be welcome.
Coeure is also speaking
- Focus on QE implementation in all market conditions
- Best ECB can do for bank is being 'tough'