Weidmann Resignation Report Fuels Tension

Bundesbank has no comment on whether its president has considered resigning over ECB bond-buying plans.

Germany’s Bundesbank declined to be drawn on whether President Jens Weidmann considered resigning over the European Central Bank’s plan to resume bond purchases, as tension between the two institutions mounts.

The Frankfurt-based Bundesbank has “no comment” on the report in today’s tabloid Bild newspaper, spokesman Michael Best said in a text message. Weidmann made his position clear in an interview with Der Spiegel magazine published Aug. 26, Best said.

‘Like a Drug’

Weidmann told Der Spiegel that a new wave of ECB bond buying may increase governments’ reliance on such funding and won’t help solve the debt crisis.

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