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...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now