Axel Weber gives us the reason ..
DUSSELDORF, Germany - bailouts
Greece and Ireland have damaged the foundations of monetary union
Europe, said Monday Bundesbank President Axel Weber.
In a speech to businessmen and academics, Weber said it
essential not to allow the resolutions adopted to maintain
financial stability in the eurozone will become the norm.
"We must strengthen the pillars again, " he said. Highlighted
risk of eurozone countries with high
debt trying to pressure the European Central Bank to keep
rising interest rates, as this could increase the cost
payment of his debt to unsustainable levels, and said he does not want
be subjected to such pressure.
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