- Implementing reforms requires perseverance
- Overcoming a crisis is more a marathon than a sprint
- Eurozone states remain fully responsible for the consequences of their own fiscal decisions
- If markets see the European project entailing mutual financial assistance, doubts over a country’s solvency could spread
- We should not broaden joint liability without ceding budgetary sovereignty
- Greece’s decision to stop cooperating with Troika shows a difficulty in accepting European influence on national policy
Weidmann says that if you don’t want EU interference then give more of your powers to Europe.
Weidmann says it’s a marathon not a sprint
