A recession in Germany “is now inevitable” as the coronavirus pandemic spreads, European Central Bank Governing Council member Jens Weidmann said in an interview with Die Welt newspaper. Weidmann, who heads Germany’s Bundesbank, also said the emergency 750 billion-euro ($800 billion) bond-buying program agreed by the ECB this week to calm stress in financial markets doesn’t meant central bank’s coffers are now empty. Still, he stressed that central banks are only a support act, and that governments must be at the forefront of the fight against the disease and its economic impact. “Monetary policy can help, but this ... (full story)