Thursday, June 25, 2015
Exclusive: Bundesbank chief tells peers of concern over funding Greek banks - source
By John O'Donnell; Editing by Toby Chopra
Jens Weidmann, pioneer of Germany's Bundesbank in Frankfurt, March 12, 2015. REUTERS/Ralph Orlowski
The pioneer of the Bundesbank conceded veritable nervousness over giving continued with emergency supporting to Greek banks in converses with his associates this week, a man familiar with the talk said."He has made his tensions reasonable from the start," said the individual, including that Jens Weidmann had raised the issue this week in a telephone call among euro zone national bank executive and the European Central Bank's official.
As president of the Bundesbank, Weidmann also sits on the ECB's Governing Council, which holds directed phone calls to discuss the improvement of emergency financing to Greek banks. This social affair can most great such financing if a 66% otherworldly part agrees.
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In spite of the way that Weidmann has educated against the use with respect to such emergency credit to prop up Greece's banks after those moneylenders started to rely on upon it in February, his latest intercession, as Greece edges perilously close default, mean a more think push to reduce the financing.