Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Weidmann Says ECB Liquidity Must Not Delay Reforms, FAS Reports

Don't Miss Out —
Follow us on:

April 21 (Bloomberg) -- Bundesbank President Jens Weidmann said “the generous supply” of liquidity from the European Central Bank must not result in banks and governments postponing necessary reforms, Frankfurter Allgemeine Sonntagszeitung reported.

European banks need to “thoroughly adjust” balance sheets and strengthen capital levels while governments have to quickly implement structural reforms and credibly consolidate budgets, the newspaper cited Weidmann as saying in a preview of a story that will run tomorrow. If countries need bridging help during that process, providing such aid is the task of European rescue programs and not of central banks, Weidmann said.

Central banks’ monetary measures must “not replace, nor delay, adjustments,” Weidmann told the German newspaper.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.