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Market talk: Buba's Weidmann may resign
Friday, August 31, 2012 - 10:49
There’s talk of Bundesbank President Jens Weidmann’s potential resignation.
It’s a common knowledge that Weidmann has negative attitude towards the ECB’s bond purchase program as he sees it “too close to state financing via the money press.”
To satisfy Bundesbank, the ECB President Mario Draghi might have to put a lot of conditions in the program risking diminishing its impact considerably. A Bundesbank spokesman declined to comment on a report in the Bild newspaper.
Weidmann told Der Spiegel on Sunday: “I can do my task best if I stay in office. I want to work to ensure that the euro is just as hard as the mark was.” We think the odds are that Weidmann won’t give up keeping pressuring Draghi.
Chris Ratcliffe/Bloomberg
Market talk: Buba's Weidmann may resign // FBS Markets Inc.
Friday, August 31, 2012 - 10:49
There’s talk of Bundesbank President Jens Weidmann’s potential resignation.
It’s a common knowledge that Weidmann has negative attitude towards the ECB’s bond purchase program as he sees it “too close to state financing via the money press.”
To satisfy Bundesbank, the ECB President Mario Draghi might have to put a lot of conditions in the program risking diminishing its impact considerably. A Bundesbank spokesman declined to comment on a report in the Bild newspaper.
Weidmann told Der Spiegel on Sunday: “I can do my task best if I stay in office. I want to work to ensure that the euro is just as hard as the mark was.” We think the odds are that Weidmann won’t give up keeping pressuring Draghi.
Chris Ratcliffe/Bloomberg
Market talk: Buba's Weidmann may resign // FBS Markets Inc.