Germany's Weidmann draws on diplomatic skills in ECB fight

Germany's Weidmann draws on diplomatic skills in ECB fight
 

Draghi on Thursday indicated the ECB could intervene in debt markets again to reduce Spain and Italy's crippling debt costs but he held back from announcing concrete steps.
He promised last week that the central bank would do "whatever it takes" to preserve the euro, raising expectations of action as soon as this week.
But the powerful Bundesbank, the central bank of Europe's largest economy, is fiercely opposed to fresh ECB bond buying on the grounds that it amounts to monetary financing of governments, contravening European law.
Softly spoken Weidmann, whose predecessor Axel... read more

 
3 August 2012 in Business, Views: 5
Source: Reuters
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30