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.
Weidmann has considered quitting over the ECB's plan to start a new round of sovereign bond purchases and discussed stepping down with the Bundesbank board, Bild said, citing unidentified people with knowledge of the situation. Weidmann, the only ECB council member opposed to the plan, has decided to remain in his post to defend his position at next week's policy meeting, the newspaper said.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
