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No sense in speculating on a euro exit: ECB's Weidmann
1 of 2. Jens Weidmann, President of Germany's federal reserve bank Bundesbank addresses the media during the bank's annual news conference in Frankfurt, March 12, 2013.
Credit: Reuters/Kai Pfaffenbach
COLOGNE, Germany |
COLOGNE, Germany (Reuters) - It makes no sense to speculate about the possibility of countries leaving the euro zone, European Central Bank policymaker Jens Weidmann said on Wednesday.
Weidmann was asked about a comment last week from Rainer Bruederle, a leader of German Chancellor Angela Merkel's junior coalition partners, who said Italy may decide to exit the euro or take other drastic action. <ID:L6N0C05A2>
"I do not believe it makes sense to speculate about individual countries leaving the euro area," Weidmann, also chief of Germany's Bundesbank, said during a question and answer session after giving a speech in Cologne.
(Reporting by Eva Kuehnen, writing by Paul Carrel; Editing by Toby Chopra)
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Once the population of those countries are completely impoverished they will let them loose to exit the EU. A century will be needed for those countries to recuperate from this onslaught.
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