Weidmann: “European governments will decide on Greek funding”

The chief of the Federal Central Bank of Germany (Bundesbank) Jens Weidmann told Reuters that the decisions regarding the funding needs of Greece lie with the European Union governments and Parliaments, rather than the European Central bank.

Mr. Weidmann argued that the Eurozone central banks should “buy up Greek government debt” in order to ensure that the liquidity position of Greek banks does nor get worse.

According to the German central banker, Greece will not regain access to the capital markers by the mid-year, stressing that “a lot of trust has been lost”.