ESRB helps to protect the economy from the financial system; Politicians must continue fiscal reforms; There are reasons to be confident on the Euro economy; Setback in reforms is a ‘risk’; Feedback loop from financial instability is a risk; EBA is doing important work on banking; Need to rebuild trust in the financial system, which remains impaired; Investors need reassurance on asset quality; EUR/USD’s not a ‘happy bunny’ eating into the earlier mentioned bids in 1.2920/30 with a day’s low now of 1.2921 (full story)