"The European Central Bank won't bail out debt-stricken member states such as Greece, which must repair its public finances on its own, ECB governing council member Ewald Nowotny said.
'One has to be very clear: The ECB has no mandate or intention to take into account the situation of a specific country, especially not with regard to public finances,' he said in an interview late Friday."
ECB Member Says No Bailouts - WSJ.com by Nina Koeppen
