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Tuesday, April 28, 2015

Bundesbank head says euro state insolvency possible without system collapse

The head of Germany's Bundesbank criticised Greece's government on Tuesday for failing to implement reforms and said it was possible for a country within the currency union to become insolvent. "Member states must take responsibility for the consequences of their political decisions," Jens Weidmann, also a member of the European Central Bank's Governing Council, told an audience in Essen.


READ THE ORIGINAL POST AT uk.news.yahoo.com