Weidmann Says Bundesbank Is Preserving Euro Stability

From bloomberg.com

Bundesbank President Jens Weidmann rejected as absurd a claim by billionaire George Soros that the German central bank is preparing for the euro’s demise. “That’s ridiculous,” Weidmann said in an interview with Bloomberg Television’s Betty Liu to be broadcast on “In the Loop” today. “What we are doing is we are preserving the stability foundation of the monetary union. I am deeply convinced that the monetary union can only survive if the euro remains a stable currency.” Soros said in a speech in Berlin on April 12 that the Bundesbank is taking steps to limit the losses it would face if the euro ... (full story)