‘ECB has done its job’

Bundesbank board member Andreas Dombret said the European Central Bank has done its job to buy time for governments to fix weaknesses in the euro’s foundations.

“To those who ask what else the euro system can do, I say that we have done our part, now it’s up to the political leaders to deliver on the fiscal and structural policy side and decide on governance issues,” Mr Dombret said in London.

“This is why it can’t be a short-term fix.”