Other shortterm actions may include: interrupting marking-to-market (at least temporarily) as on distressed markets proved to be more harmful than helpful, an even more coordinated approach by the leading economies (to reduce $ volatility) and progress towards the setting up of a clearing house for CDS.
Mario Draghi: A central banker’s perspective on European economic convergence Speech by Mr Mario Draghi, President of the European Central Bank, at the Anchor 2013 Conference, organised by the Magyar Nemzeti Bank (the central bank of Hungary), Budapest, 7 December 2012.