>>> ECB's Coeure (France): Recovery remains weak but ECB is not in emergency mod


ECB's Coeure (France): Recovery remains weak but ECB is not in emergency mode anymore- comments from Frankfurt
- Tightening of spreads is not enough 
- Banking sector to integrate further after AQR 
- Reiterates ECB is committed to help develop ABS market; ECB has not yet taken decision to buy ABS, but is preparing to do so; cannot take on too much risk