Germany’s powerful central bank chief has said quantitative easing is no longer appropriate for Europe, putting Berlin on a collision course with the European Central Bank over expanding stimulus measures to revive the single currency area.
Jens Weidmann, head of the Bundesbank and a member of the ECB’s governing council, said QE was “no longer necessary” for the eurozone, despite the widespread expectation that more stimulus will be announced as early as next month.
http://www.telegraph.co.uk/finance/economics/12159750/Bundesbank-chief-on-collision-course-with-Mario-Draghi-over-QE.html
