The German central bank issues a warning about eurozone debt risks.

Michael Theurer, a member of the executive board of the German Central Bank, expressed concerns about the rising government debt levels in the eurozone in a commentary published in the German business newspaper. Theurer wrote, "Regulators are worried about the high government debt in the eurozone because the connection between countries and banks is still closely linked." Theurer stated that during the financial crisis and sovereign debt crisis, the "country-bank nexus" threatened financial stability and doubts about a country's ability to pay back its debts dragged down the reputation of banks.