News Headline Summary

ECB's Coeure says ECB to act decisively when stable prices threatened

- ECB area re denomination risk unjustified.
- OMT will east Euro break up concerns.
- OMT will only work if countries make adjustments.
- Must properly implement single supervisory mechanism.
- Need unified mechanism to wind down failed banks.

Update details:

- ECB's Coeure is the French representative on the ECB and these comments in-fitting with recent remarks and comments made by his ECB peers.

Print 15:00, 15 Nov 2012 - ECB - Source: Newswires