• Europe’s financial system has avoided the worst-case scenario of severe systemic risks materialising at the same time
• Policymakers need to remain proactive and alert to financial stability risks as and when they arise
• Firmly convinced that the joint action of the EU financial stability community at large will be sustained and unwavering
• That allows the warnings issued to help avoid damage to the economy
• Full speech

There’s nothing in there on monetary policy, so carry on as you will.

This article was written by Justin Low at www.forexlive.com.