BERLIN (MNI) – European Central Bank Governing Council member Jens
Weidmann in an interview published Sunday said the ECB has to be wary of
possible second-round inflation effects from high oil prices.
“At the moment this is not happening, but we have to keep eying
these risks,” Weidmann, who is president of the Bundesbank, told German
weekly Welt am Sonntag (WamS).
Weidmann reckoned that all 17 Eurozone member states are likely to
keep the euro and that further countries may join the common currency.
An exit by Greece from the Eurozone wouldn’t solve that country’s
problems and would have contagion effects on other member states, “which
would make it more difficult to keep the rest of the Eurozone together,”
he argued.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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