Weidmann isolated as ECB plan approved

Weidmann isolated as ECB plan approved

Press quote (Financial Times)
06 September 2012

"One question is whether the benefits from the bond buying are going to be enough to offset the damage inflicted by the conditionality attached," said Simon Tilford of the CER think-tank, reflecting fears that swingeing spending cuts and tax rises may kill off anaemic economic growth.

"Countries are highly unlikely to be able to meet targets if those targets include stepped-up fiscal austerity," Mr Tilford said.