Top German central banker opposes ECB bond buying

Top German central banker opposes ECB bond buying

THE ASSOCIATED PRESS
Published Aug 27, 2012 10:42AM MDT
Frankfurt, Germany • Germany’s top central banker has repeated his opposition to the European Central Bank intervening in bond markets to lower borrowing costs for indebted governments such as Spain and Italy, saying governments might get too used to the outside help. Bundesbank head Jens Weidmann said in Monday’s edition of Der Spiegel magazine that governments could become dependent on such help rather than fixing their finances. He said “we should not underestimate the danger that central ban...
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