Bundesbank head Weidmann

  • Says the European Central Bank can't give financing to Greece if political negotiations fail
  • Says consequences hard to control if Greece defaults, entirely up to Greece whether it remains in euro
  • Euro's survival doesn't depend on Greece, but contagion cannot be ruled out
  • Says EU fiscal rules need to be tougher, applied more severely

Weidmann in a La Stampa interview, Reuters with the headlines

EUR dribbling a little lower ... not much in it though:

Give it up Jens, no point tryin' to fight the Fed dude!