- Bundesbank President Jens Weidmann is from 2015 from an economic upturn in Germany.
- This is why he speaks clearly against by the ECB planned from bond purchases. Such measures are not currently not needed.
Bundesbank President expects more growth and less inflation
The 2015 is better than expected, the President of the Deutsche Bundesbank’s view. “As things stand, and if the oil price remains low, inflation is still lower than expected, the growth but better,” said Jens Weidmann the Frankfurter Allgemeine Zeitung (FAZ). “Europe is not so bad as many people believe.”
The forecasts say rather a recovery in the euro area ahead. These get the cheap oil that acts like a stimulus package. “We are given a stimulus package, so why even policy-one better place,” said Weidmann.
criticism of bond purchases by the ECB
In this context, Weidmann warned again plans of the European Central Bank (ECB ), bonds of euro countries to buy a large scale. “I’m irritated that in the public debate lately always only a question arises: When buys her at last?” Weidmann said
ECB decision Too much cheap money is dangerous
Clear, inflation is historically low. But should ECB chief Mario Draghi therefore adopt drastic measures this Thursday?
The Bundesbank President pointed out that adhere to the taxpayer for the required bond purchases at the end: “For the losses from These purchases are liable central banks in the euro area together – and in the end the taxpayer “. It “should not be decisive for our decisions in the Governing Council at the end,” that the financial markets expected bond purchases, said the Bundesbank president of the newspaper.
The Euro Fed wants in the first quarter on the use of other monetary instruments decide against the weak growth and the threat of deflation. ECB President Mario Draghi has made it clear that he wants to go, if necessary, without the consent of Deutsche new steps. This also the massive purchase of government bonds could belong.
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