Weidmann to testify quarterly in parliament to explain ECB policy
Measure follows constitutional court ruling requiring ECB to demonstrate proportionality of government bond purchases
The president of the Deutsche Bundesbank, Jens Weidmann, will explain the policy decisions of the European Central Bank (ECB) in the German parliament each quarter.
According to German magazine Der Spiegel, parliamentary group leaders had already agreed on so-called monetary dialogues with Weidmann. The first meeting should take place in early August.
The creation of this parliamentary forum follows the controversial ruling of the German constitutional court on May 5. Back then, the judges
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