Interview with Bundesbank President Bigger Debt Cut for Greece Would Set Bad Example

In a SPIEGEL interview, Jens Weidmann, president of Germany's central bank, discusses Greece's reform efforts and the second EU/IMF bailout for the country.  He argues against sweeping debt relief for Athens, saying that other crisis-stricken euro-zone members might see it as an easy way out of their problems.
Bundesbank President Jens Weidmann: "We now know that Greece will have to completely reposition its economy."

Bundesbank President Jens Weidmann: "We now know that Greece will have to completely reposition its economy."

Foto: ALEX DOMANSKI/ REUTERS
Translated from the German by Paul Cohen