A Greek exit from the euro area would be manageable, but would be expensive, European Central Bank Executive Board member Joerg Asmussen was quoted as saying on Monday.
In an interview with the Frankfurter Rundschau, Asmussen said the Greek exit would be associated with reductions in growth and higher unemployment. An exit "would not be as orderly as some imagine," he said.
Asmussen noted that the ECB acts within its mandate which primarily aims to ensure price stability over the medium term.
Germany strongly opposes bond purchases. Germany's central bank Bundesbank is not isolated in Europe and "no one should try to create the impression that the Bundesbank or its president is isolated," he said.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.