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.
© The Financial Times Ltd 2014 FT and 'Financial Times' are trademarks of The Financial Times Ltd.