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Eurozone breakup talk 'reckless' says Bundesbank chief

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By Euronews
Eurozone breakup talk 'reckless' says Bundesbank chief

<p>The head of Germany’s central bank, Jens Weidemann, has slammed what he calls the ‘recklessness’ of those invoking a eurozone break up.</p> <p>“What vexes me is how recklessly people invoke such a scenario,” he told the business magazine ‘Capital’ in an interview.</p> <p>He also said it was wrong to think of the euro as a club that a country could leave and then rejoin.</p> <p>“Whoever suggests it underestimates the interconnectedness of the different eurozone economies. An exit would also have far-reaching consequences for our banks and companies,” he added.</p> <p>His remarks come as Germany’s Finance Minister, Wolfgang Schaeuble, admitted Greece would need a third bailout. </p> <p>However Joerg Asmussen, a senior European Central Bank official, said the prospect of another bailout is not on the table at this time. </p> <p>Greece has already received around 240 billion euros, since 2010, but is still struggling to control its debt burden.</p>