In a sign that the ECB is losing patience with initially temporary, but now longer a lender of last resort, the head of the ECB's Trichet announced that the Central Bank must defend against the function of these emergency measures. Separately, the head of the ECB Luxembourg Yves Mersham announced that the ECB can not continue to clear blockages in the European banking system. Axel Weber was even clearer, suggesting that bond purchases by the ECB must be completed "sooner rather than later," and lending to governments - is not the mandate of the Bank.
Merkel received the support of Denmark on the resolution on the crisis mechanism. Debate within Europe on whether requirements for bond holders participate in future rescue. Merkel on a step has not receded in your question, after having spent several successful meetings with the Prime Minister of Denmark on the use of machinery. This sharply disputed by ECB president Trichet, who said that such talk is bad for the situation in peripheral countries, and Spanish Prime Minister expressed strong protest this plan. German Finance Minister Schäuble wants the EU had been prescribed "equal collective measures" applicable to all countries in the eurozone in 2013.
Belgian Consumers have become more confident. Despite the ongoing political paralysis, consumer confidence continues to improve dramatically in the last few months, thanks to a healthy environment in the labor market.
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