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.