The German federation of private banking institutions, Bdb, against the ECB: it should not finance the deficits of the eurozone states. This position closely mirrors the prevailing orientation in the government.
"Political leaders must recover the trust of investors, companies and citizens through effective and valid decisions - reads the federation's statement - but long-term financing of state budgets by the ECB would go against this objective".
According to the president of the federation, Andreas Schmitz, the way out of the crisis passes, especially in the case of countries such as Greece and Italy, through processes of fiscal consolidation and through structural reforms. Words that found an immediate echo in the statements of the government spokesman, Steffen Seibert. "None of the paths proposed during the public debate - he said during a press conference - represents a miraculous remedy against the crisis". The reference was to the introduction of Eurobonds.
