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    Bundesbank President Jens Weidmann: debt in the Eurozone has reached the “danger zone” | 27.03.2015

     

    The Bundesbank President Jens Weidmann said in Frankfurt on Friday that debt in the Eurozone has reached the "danger zone" as public debt totalled 91% and corporate debt - 105%.

     

     

    Weidmann noted that a European solution may be required for the regulatory treatment of sovereign debt.

     

     

    "Sovereign debt needs to be backed by capital, and exposure to a single sovereign must be capped, just as is the case for any private debtor", the Bundesbank president said.


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