The German press in the last few days has been full of reports that Bundesbank President Jens Weidmann has threatened to resign and had to be talked out of it by Wolfgang Schaeuble, the finance minister. A bit of clever spin-doctory by the Bundesbank’s media magicians. It is highly unlikely that Weidmann will actually leave (what would he do next?) but the reports have fostered, as was no doubt planned, an outpouring of pro-Weidmann support and sympathy from people in Germany who matter. All this adds further to the constraints on the European Central Bank as it prepares to announce plans for government bond ... (full story)