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ECB Weidmann: Throwing Money At Crisis Only Buys Time
There is only so much money that can be spent to contain the current Eurozone debt crisis before financial and political constraints are met, European Central Bank Governing Council Jens Weidmann said, warning that new problems could emerge as a result of policies being undertaken to counter the current situation. "As [Bank of England Governor] Mervyn King frequently and rightly states: 'all we buy is time' - time that must be used to address the root causes of the crisis," the head of the Bundesbank said in the text of a speech delivered at an event here. "In any case, we must realise that all the money we put on ... (full story)
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