Bundesbank & ECB

Weidemann resignation report turns up heat on ECB's Draghi

Press quote (The Guardian)
31 August 2012

Simon Tilford of the CER said that to have a significant impact on Italian and Spanish borrowing costs, the ECB plan must banish investor concerns that the two countries' membership of the eurozone would ever be threatened. "Unfortunately, the ECB is highly unlikely to do enough to convince investors that membership is unequivocally forever, not least because the Bundesbank opposes any open-ended commitment to cap borrowing costs."