Bundesbank board member Andreas Dombret Wednesday warned that the European Central Bank's unlimited liquidity provisions could cause "new financial instability," while the side effects of its accommodative monetary policy will become more severe the longer it remains in place. Dombret, in prepared remarks for delivery in Berlin, also said central banks "cannot tolerate" banks and governments delaying reforms as a result of the liquidity operations. The firewalls put in place will only "buy time" but cannot substitute for tackling the "root causes" of the Eurozone's sovereign debt crisis. The ECB's liquidity ... (full story)