An interview in Germany’s Bild Zeitung, BUBA and ECB man Jens Weidmann says that while the euro area is currently “in rehab” calm in financial markets may be deceiving.

  • Euro countries need to stay on reform course
  • Framework for solid state finances must be strengthened
  • Financial markets & banks must be better regulated & supervised
  • Everyone must be aware of his responsibility for a stable basis in his own country and the entire euro area

Ever the Germans looking on the brightside

;-)

Mind you I’d rather German caution than the constant “Everything’s going to be fine and dandy” from nearly every other European politician outside of Germany.