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No sense in speculating on a euro exit: ECB's Weidmann

Jens Weidmann, President of Germany's federal reserve bank Bundesbank addresses the media during the bank's annual news conference in Frankf
Jens Weidmann, President of Germany's federal reserve bank Bundesbank addresses the media during the bank's annual news conference in Frankf

COLOGNE, Germany (Reuters) - It makes no sense to speculate about the possibility of countries leaving the euro zone, European Central Bank policymaker Jens Weidmann said on Wednesday.

Weidmann was asked about a comment last week from Rainer Bruederle, a leader of German Chancellor Angela Merkel's junior coalition partners, who said Italy may decide to exit the euro or take other drastic action.

"I do not believe it makes sense to speculate about individual countries leaving the euro area," Weidmann, also chief of Germany's Bundesbank, said during a question and answer session after giving a speech in Cologne.

(Reporting by Eva Kuehnen, writing by Paul Carrel; Editing by Toby Chopra)

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