Photo: Die Welt
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 to guess.”
Sure enough, the German Bundesbank released a statement after Mario Draghi’s press conference that said Buba president Jens Weidmann continues to stand opposed to the central bank buying sovereign bonds.
Die Welt’s lede: “ECB President Draghi breaks with brazen principles of German monetary policy. The central bank is pumping unlimited money in the bond markets. Stock markets cheer – for Germany, the nightmare begins.”
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