A lot of analysts expect that Europe will do QE, but the Bundesbank's boss doesn't seem to like the idea at all.
The press conference at 1.30 p.m. GMT will see questions about deteriorating relationships between senior figures at the ECB.
The documents could spark some major rows in the already strained eurozone
No rate cut, then?
[credit provider=”ioanna hatzipanigyri / Flickr” url=”http://www.flickr.com/photos/ioanna_hatzipanigyri/6128670788/”] Most markets are down a bit early in the European trading session.England’s FTSE 100 is down 0.1%.
Bundesbank chief Jens Weidmann expressed concern Monday about threats to the independence of central banks, particularly in Japan and Hungary, which he warned could sharply politicise exchange rate policy.
[credit provider=”ECB” url=”http://www.ecb.int/press/tvservices/webcast/html/webcast_120906.en.html”] Reuters has a fascinating special report that takes a look inside the internal negotiations on the ECB Governing Council that led to the birth of Mario Draghi’s OMT bond-buying plan to save the euro, announced on September 6.The piece details the negotiations between the Italian ECB chief […]
[credit provider=”Die Welt” url=”http://www.welt.de/finanzen/article109060047/Finanzmaerkte-bejubeln-den-Tod-der-Bundesbank.html”] That’s the latest headline from the German newspaper Die Welt (via Google Translate).Mario Draghi said in the Q&A today at the ECB meeting that “there was one dissenting view” on the bond-buying plan and he told the reporter who asked the question that “it’s up to you […]
[credit provider=”(Photo by Sean Gallup/Getty Images) “] * Buba declines comment on report Weidmann mulled quitting* Draghi skipping Jackson Hole to broker deal on bond plan
[credit provider=”(Photo by Sean Gallup/Getty Images) “] Bundesbank president Jens Weidmann is really starting to lose friends over his stance on ECB policy. He’s long been opposed to the central bank buying government bonds on the open market, which in the last few days has become the action plan of […]
[credit provider=”(Photo by Sean Gallup/Getty Images) “] BERLIN (Reuters) – German Chancellor Angela Merkel voiced support for Bundesbank chief Jens Weidmann on Sunday, saying she welcomed his warnings about the handling of the euro zone debt crisis and saw his influence within the European Central Bank as positive.In an interview […]
[credit provider=”Wikimedia Commons” url=”http://upload.wikimedia.org/wikipedia/commons/thumb/2/27/Hamburg_Bundesbank_Skulptur.jpg/635px-Hamburg_Bundesbank_Skulptur.jpg”] Bundesbank President Jens Weidmann has been one of the most outspoken critics of European Central Bank President Mario Draghi’s plan to buy sovereign bonds, a form of quantitative easing.Ironically, the Bundesbank itself side-stepped its mandate to buy public bonds on the open market back in 1975.
[credit provider=”(Photo by Sean Gallup/Getty Images) “] We covered the impending showdown between the German central bank president and Mario Draghi, head of the ECB, over controversial measures to support ailing eurozone countries by buying their sovereign bonds.The German Bundesbank just posted an interview from an internal staff magazine with […]