• ECB has signed agency agreement with EFSF rescue fund which is a step towards ensuring existing agreements can be used to stabilize markets.
  • Expects Spain to have to have to take additional measures to tackle deficit.
  • Says Spain facing “challenging,achievable objectives”.
  • Says 7th review of Irish program under way.
  • Eurogroup to consider Irish program changes in September .
  • Commission to present plan for bank regulators in September.

Schaeuble* is next on my list ..