Weidmann wary of monetary policy ‘being further co-opted’
Bundesbank president calls for discussion of ‘Maastricht plus’ and political union
Deutsche Bundesbank president Jens Weidmann argued monetary policy in Europe should be protected "from being further co-opted", in a contribution to German magazine Focus today (August 14), also published on the central bank's website.
In the article Weidmann notes monetary policy is "seen by many as a ‘sweeper' that jumps into the breach whenever politicians stand pat" at the moment. "This will end up threatening not only the Eurosystem's clear orientation towards price stability but also its
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