Jens Weidmann, the president of Germany's Bundesbank, has publicly acknowledged that quantitative easing programme of European Central Bank (ECB) President Mario Draghi is within the bank’s mandate and a legitimate instrument to be used in times of crisis.
Weidmann’s statement is a major departure from his vehement opposition to Draghi’s flagship policy response. The former had previously attempted to block Draghi’s €2.3 trillion bond-buying programme, a measure that is widely credited for putt...
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