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Germany's Schaeuble Criticizes Bundesbank President Weidmann
Germany's Finance Minister Wolfang Schaeuble criticized Bundesbank President Jens Weidmann over the weekend for his public opposition to the European Central Bank's new bond buy program, OMT. "I am not sure that it contributes to confidence in the central bank when this debate is being carried out semi-publicly," Schaeuble told German weekly Frankfurter Allgemeine Sonntagszeitung. Weidmann was the only member of the 23-strong ECB Governing to oppose the central bank's new program, warning that bond market interventions go beyond the central bank's mandate and threaten to undermine its independence. "The ... (full story)
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