Jens Weidmann vs. Mario Draghi
The head of Germany’s central bank Jens Weidmann, who is seen as a leading candidate to become the next president of the ECB,
has taken aim at plans for creating new eurozone funds to help crisis-hit countries, urging governments to instead make greater efforts to put their finances in order.
ECB president Mario Draghi last month called explicitly for the eurozone to equip itself with “an additional fiscal instrument to maintain convergence during large shocks, without having to overburden monetary policy”.
FT 5 June 2018
has taken aim at plans for creating new eurozone funds to help crisis-hit countries, urging governments to instead make greater efforts to put their finances in order.
ECB president Mario Draghi last month called explicitly for the eurozone to equip itself with “an additional fiscal instrument to maintain convergence during large shocks, without having to overburden monetary policy”.
FT 5 June 2018
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