Die Welt – “Financial markets cheer the death of the Bundesbank”

“(…) the German Bundesbank released a statement after Mario Draghi’s press conference that said Buba president Jens Weidmann continues to stand opposed to the central bank buying sovereign bonds.”

Die Welt’s lede: “ECB President Draghi breaks with brazen principles of German monetary policy. The central bank is pumping unlimited money in the bond markets. Stock markets cheer – for Germany, the nightmare begins.”

About bzik2

A beginning central banker with a twist
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