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The ECB's cheap loans to banks are an 'addictive medicine' (Photo: Wolfgang Staudt)

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Euro crisis 'not solved,' German bank supervisor says

Cheap loans from the European Central Bank (ECB) might have calmed the euro crisis, but the fundamental problems are still there: governments have too much debt and no strategy to get out of it, Raimund Roeseler, executive director for banking supervision in Germany's Federal Financial Supervisory Authority (BaFin), has said.

"The sovereign debt crisis is certainly not solved. The ECB pumped more money into the system, but that doesn't make states automatically more solvent," Roeseler ...

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