Bundesbank’s Weidmann: Euro crisis may return

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An interview in Germany’s Bild Zeitung, BUBA and ECB man Jens Weidmann says that while the euro area is currently “in rehab” calm in financial markets may be deceiving.

  • Euro countries need to stay on reform course
  • Framework for solid state finances must be strengthened
  • Financial markets & banks must be better regulated & supervised
  • Everyone must be aware of his responsibility for a stable basis in his own country and the entire euro area

Ever the Germans looking on the brightside ;-)

Mind you I’d rather German caution than the constant “Everything’s going to be fine and dandy” from nearly every other European politician outside of Germany.

Author: Ryan Littlestone

Ryan Littlestone has been working in financial markets for more than 20 years. Wide-eyed, he stepped out of Bank station in London to join LME founding member Rudolf Wolff where he worked his way to the main order desk and brokered customer orders to the LME floor and across virtually every global market. An opportunity to help set up and run a new LIFFE floor operation saw him catch the trading bug and it wasn’t long before the pull of the pits was too great to refuse. He became a ‘local’ and has been trading his own account for more than 11 years.


All|Central Banks|Europe|European Central Bank|Regions

bundesbank|Jens Weidman

Ryan Littlestone


  1. These guys absolutely love talking up controversy!

  2. Not only will the financial crisis return but May elections will put into power very independent coalitions that are not friends of the EU experiment. That is going to hit the euro hard. Another is the prospect of a Greek exit this spring. A budget surplus will materialize by then and so the door is wide open for them to leave. 6 years of recession with no sign of abating like it was thought to be and a party in power hostile toward the EMU. ND, New Drachmas can be issued as soon as June. This will be a new year where the brainless tactic of buying euros on any retrace will cease. The banks are going to hit hedge funds, institutions and retail very hard. Not it will be something like this; When you go long it will go lower, then another lower break and up to par where you went long so that you gain zip, zero, nothing.


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