Bundesbank head says governments must resolve debt crisis

12/11/2011 | Bloomberg

Jens Weidmann, president of Germany's Bundesbank, dampened expectations that the European Central Bank might extend its role, and said the region's governments must resolve the sovereign-debt crisis. "The mandate for redistributing taxpayer money among member states clearly does not lie in monetary policy," Weidmann said in an interview. "Financing of sovereign debt through central banks is and remains forbidden by treaty."

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