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Greeks Must Be More Productive
Source: Bloomberg News |
July 18, 2011, Monday
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Print Edition
Print Edition
CUTTING Greece's debt will not solve the country's problems, ECB policymaker Jens Weidmann was quoted as saying by Bild am Sonntag newspaper yesterday, adding Athens needed to raise its productivity instead.
"Greece consumes considerably more than it produces, the public budget shows high deficits," Weidmann, head of Germany's Bundesbank and who sits on the European Central Bank's Governing Council, said.
"Greece consumes considerably more than it produces, the public budget shows high deficits," Weidmann, head of Germany's Bundesbank and who sits on the European Central Bank's Governing Council, said.
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