Jens Weidmann, head of Germany's Bundesbank, has warned about serious consequences of a breakup of the eurozone. "What vexes me is how recklessly people invoke such a scenario," he said. "An exit from the euro would have grave consequences for the countries affected, as well as for everyone else." Weidmann says the currency union is not "some sort of club, which you can easily quit and then quickly sign up to again. Whoever suggests it underestimates the interconnectedness of the different eurozone economies. An exit would also have far-reaching consequences for our banks and companies."
Published in Brief: