Jens Weidmann Demands in Vienna an End to Massive Bond-Buying Program

PeopleOther ♦ Published: March 26, 2018; 18:22 ♦ (Vindobona)

The head of Deutsche Bundesbank, Jens Weidmann, visits Vienna to receive the Grand Decoration of Honour in Gold (Grosses Goldenes Ehrenzeichen) from Finance Minister Hartwig Löger. In his speech he called for a rapid end to bond purchases by the European Central Bank (ECB).

Head of the Bundesbank Jens Weidmann in Vienna / Picture: © Wikimedia Commons / Chatham House [CC BY 2.0]

The President of the Deutsche Bundesbank and potential successor to Mario Draghi also calls for monetary policy in the medium term to be in line with the price outlook, to normalise it and thus to regain room for manoeuvre in monetary policy.

The goal of a crisis-proof regulatory framework for monetary union can only be achieved in the medium to long term, although the course…