Bundesbank head: ECB must not print money

FRANKFURT, Germany (AP) — The head of Germany's Bundesbank says the European Central Bank must not print euros to rescue heavily indebted governments from the eurozone crisis.

Jens Weidmann, who sits on the ECB's rate council, says creating new money to prop up government finances "undermines the incentives for sound public finances."

He said Tuesday that governments would then rely on the "sweet poison" of central bank financing rather than risk offending voters by cutting spending or raising taxes to reduce their deficits.

Adding new money to the existing stock can be inflationary, although the U.S. Federal Reserve and the Bank of England have both done it in their …