Bloomberg News

ECB’s Weidmann Says Larger Bailout Amounts Don’t Solve Crisis

October 14, 2011

Oct. 14 (Bloomberg) -- European Central Bank Governing Council member Jens Weidmann said that Europe shouldn’t keep devoting larger amounts of money to trying to solve the debt crisis.

“Reacting with ever-greater means is surely not helpful,” Weidmann said in an interview with Germany’s ZDF television today.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Jeff Black at jblack25@bloomberg.net


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