ECB's Vitor Constancio continues his presentation to EU parliament

  • ECB are aware of potential consequences of actions
  • Negative bond yields are a collateral effect
  • ECB watching negative yields very closely

They'll have they're magnifying glass out to watch German yields as 10's draw closer to going negative

  • Convinced there will not be a Greek exit
  • Treaty does not foresee that a country can be legally expelled from the Eurozone