German government officials on the wires

  • But only within its mandate
  • Schaeuble fully supports the ECB's independence
  • We must consider the risks from the side effects of ECP policy

Some rose petal scattering by a senior German official, speaking mainly about the Greek talks;

  • Trusts Greece to work with Troika to solve open points
  • No Torika signs that Greece faces a liquidity squeeze now
  • IMF participation in Greek program is a German condition
  • Global economic data is not as bad as many say