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ECB's Weidmann sees no need for economic stimulus - newspaper
Germany’s economy has weakened but it is too early for major economic stimulus from the government or the European Central Bank, Bundesbank President and ECB policymaker Jens Weidmann was quoted as saying on Saturday. In his first major interview since being passed over for the ECB’s top job, Weidmann signalled his opposition to more monetary easing and, in particular, new purchases of government bonds by the central bank. “The current outlook is particularly uncertain,” he told German weekly Frankfurter Allgemeine Sonntagszeitung (FAS) in an interview. “But we shouldn’t surrender to pessimism or ... (full story)