Jürgen Stark will resign as European Central Bank executive board member. But his compatriot, Jens Weidmann, Bundesbank president, has signalled he will keep up his fight against the ECB’s government bond buying programme. Eurozone central banks were already carrying considerable risks on their balance sheets. “I believe strongly that from now on these should be reduced again and in no way expanded,” he said in a speech in Cologne on Tuesday evening.
Mr Weidmann also had a strong message for German politicians. The time was fast approaching a fundamental choice would have to be made about the future of the eurozone. Read more