A decision by European leaders to issue joint debt to finance coronavirus aid for weaker member states should remain an exemption and not serve as a blueprint for future budget challenges, Bundesbank President Jens Weidmann said on Sunday.
FILE PHOTO: German Bundesbank President Jens Weidmann attends the 29th Frankfurt European Banking Congress at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski
“It’s important that the EU has proven its capability to act in the crisis,” Weidmann told Funke media group in an interview, adding that showing solidarity also in financial terms was the right thing to do in the current crisis. “Generally, I think joint debt for extensive transfers is questionable. At the very least, the package should not serve as a springboard for large-scale EU debt for regular household financing,” he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Feds: Founder of popular Philly cheesesteak joint hid $8 million from IRSThe founder of an iconic Philadelphia cheesesteak restaurant and his son were charged with tax evasion and other related offenses.
Read more »
Mike Tyson Signed Roy Jones Jr. Fight Contract While Smokin' a JointMike Tyson was seeing green when he signed his contract to fight Roy Jones Jr. ... puffing away on a joint that would make Snoop Dogg proud!
Read more »
Prince Harry and Meghan Felt Overshadowed and Snubbed By William and Kate, New Biography RevealsIn the first excerpt from the upcoming Finding Freedom, authors Omid Scobie and Carolyn Durand reveal just how tense things became among the former “Fab Four.”
Read more »
How to successfully tackle difficult conversations'Change the way you look at things and the things you look at change.'
Read more »
Shohei Ohtani makes blunder as first baserunner under MLB's new extra-inning ruleShohei Ohtani, who made the last out in the ninth inning, was placed on second to start the top of the 10th against the Oakland A's.
Read more »
Jim Gaffigan: 25 Things You Don’t Know About Me!Stand-up comedian and actor Jim Gaffigan revealed 25 things you might not know about him exclusively with Us Weekly — details
Read more »