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Weidmann resignation report turns up heat on ECB's Draghi
German central bank chief Jens Weidmann's reported threat to resign has piled pressure on European Central Bank President Mario Draghi to assuage his opposition to a new bond-buying plan without tying it up in so many knots it is rendered ineffective. A Bundesbank spokesman declined to comment on Friday on a report in the mass circulation Bild newspaper that Weidmann, who has stressed his opposition to the strategy, had considered resigning several times in recent weeks but had been dissuaded by the German government. Draghi is skipping this weekend's Jackson Hole policymakers' retreat to try to forge agreement. The ... (full story)
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