Bundesbank head - euro state insolvency possible without system collapsing


  • World
  • Wednesday, 29 Apr 2015

FRANKFURT (Reuters) - The head of Germany's Bundesbank criticised Greece's government on Tuesday for failing to implement reforms and said it was possible for a country within the currency union to become insolvent.

"Member states must take responsibility for the consequences of their political decisions," Jens Weidmann, also a member of the European Central Bank's Governing Council, told an audience in Essen. "There must be a match between control and liability."

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