Stig Östlund

tisdag, november 15, 2011

Germany's Central Bank against the World

SAVING THE EURO


Jens Weidmann, the new president of Germany's Bundesbank, is strongly opposed to making the European Central Bank the lender of last resort in efforts to prop up the common currency. It's a lonely fight, however, and the pressure from Germany's European partners is intense. Some warn that Weidmann's course could end up destroying the euro /Der Spiegel

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