ECB’s Nowotny: ECB can act in a “very forceful way” if needed.

[Christine]

But ECB should use a “steady handed” approach
Depo rate is de facto ECB benchmark
Spain doesn’t need any additional* bailout/assistance for now
Interest rates “are at a very low stage”

Comments made in a CNBC interview
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=obI1w1rJyN8:PDlGxkxiETs:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=obI1w1rJyN8:PDlGxkxiETs:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=obI1w1rJyN8:PDlGxkxiETs:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=obI1w1rJyN8:PDlGxkxiETs:qj6IDK7rITs)