Jürgen Stark

This page is completely dedicated to what Jürgen Stark has to say. All of Jürgen Stark’s quotes are organized here by date and topic. The most recent quote attributed to Jürgen Stark came from an article called ECB's top economist warns on euro zone's future: “We cannot go on running high budget deficits in several euro zone countries each year, the debt level is going to explode. This is a burden for further generations, it is a burden for the economy in the future. For all this reasons there is no alternative to reducing the debts.”.

Jürgen Stark quotes

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We cannot go on running high budget deficits in several euro zone countries each year, the debt level is going to explode. This is a burden for further generations, it is a burden for the economy in the future. For all this reasons there is no alternative to reducing the debts.

It is not enough to recapitalise the banks. A lot of things should be done. First of all we do need to send a signal of credibility to the markets. We should show that we are ready to solve the budget problems. It is not enough to make announcements, we should put measures into practice.

It is an illusion to think that the debt restructuring would help to resolve the problems this country is facing.The debt restructuring will wipe out part or all of the capital of Greek banks. So this is the recipe for catastrophe.

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