Jens Weidmann, Germany’s new Bundesbank president, appears keen to demonstrate his independence. He has just used a speech in Hamburg to warn of the consequences of a “soft” Greek debt restructuring – an option the government in Berlin is pursuing. Such a move would oblige the European Central Bank to cut Greek banks off from its liquidity, he said. Read more
© The Financial Times Ltd 2014 FT and 'Financial Times' are trademarks of The Financial Times Ltd.