ECB May Step Up Effort to Cure Debt Crisis, Schroeder Tells MDR

Former German Chancellor Gerhard Schroeder expects the European Central Bank to step up its response to the region’s sovereign debt crisis if economies in Italy, Spain and France deteriorate further, according to Germany’s MDR broadcasting network.

“As a last resort, the ECB will make clear that it will intervene on behalf of the euro in an unlimited fashion should the situation in Italy, Spain and possibly also in France aggravate,” Schroeder was quoted by the MDR as saying in an interview.

To contact the reporter on this story: Andreas Cremer in Berlin at

To contact the editor responsible for this story: Chad Thomas at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.