Weber sets Germany on collision course with EU

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Series Details 22.2.11
Publication Date 22/02/2011
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Axel Weber, Germany’s departing Bundesbank president, put his country on a collision course with its eurozone partners in an article in the Financial Times, 22 February 2011, by opposing a central part of proposals for resolving future sovereign debt crises in the eurozone.

Mr Weber rejected the idea that European rescue funds should have the power to buy government bonds in the market – a suggestion that has been backed by the European Central Bank’s governing council, on which he sits.

Related Links
ESO: Background information: Weber confirms he is to leave Bundesbank http://www.europeansources.info/record/weber-confirms-he-is-to-leave-bundesbank/

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