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Bundesbank's Weidmann casts doubt on effectiveness of ECB's QE
Bundesbank President Jens Weidmann, an unabashed critic of the European Central Bank's quantitative easing (QE), told a German newspaper on Sunday he had doubts about the effectiveness of the ECB bond-buying plan. Weidmann, who is on the ECB's Governing Council, told Welt am Sonntag newspaper that he voted against the move and said the sluggish growth in Europe was largely due to high levels of debt and a lack of competitiveness in some individual countries. "It's hard to predict what the effects will be, but in Europe they will probably be less than they were in the United States," Weidmann said, referring to QE used ... (full story)
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