ECB's Weidmann: "ECB cannot resolve EMU debt crisis by printing money"

Market news

24 January 2012

ECB's Weidmann: "ECB cannot resolve EMU debt crisis by printing money"

Inaction a greater risk for growth than consolidation
Must see if Greece comes up with credible new program
Eurobonds incompatible with national budget sovereignty
EMU bailout loans should carry interest rate premium
See germany 2012 GDP +0.6%,2013 +1.8%; IMF too gloomy

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