ECB Alone Can’t Solve Euro Zone Crisis

The European Central Bank (ECB) alone can’t solve the Eurozone crisis, according to Germany’s central bank, Bundesbank, chief Jens Weidmann. The ECB chief was addressing an economists’ conference in Aix-en-Provence. His comments are construed pointing to the bloc’s governments, as an urge to initiate action to strengthen their fiscal prudence and bring the economy back into shape. Jens Weidmann’s comments come soon after European Central Bank president Mario Draghi and new Governor of Bank of England Mark Carney signaled last week that interest rates would remain low for years to come in a coordinated push to drive growth. Many consider…