EU's Dijsselbloem: The process of tapering has already started

Speaking at a conference, the chairman of euro zone finance ministers Jeroen Dijsselbloem said that the process of tapering had already started and the ECB would be wise to do it very gradually.

Key quotes (via Reuters)

EU fiscal rules need to be made more predictable, less complex, more medium term oriented.

There is quite strong agreement euro zone bailout fund should not become an agency of the commission.

There is braod support for bailout fund to become a backstop for bank resolution fund.