• Expects general positive development in German economy to continue
  • Says we stick more or less to our economic forecasts

Sticking “more or less” is a very un-German like comment, particularly from the head of the Bundesbank and ECB member Jens Weidmann. He was speaking on the radio so obviously there’s a lot more to the comments than what Reuters is reporting. The question is how much will all this EUR/Russia business hurt Europe in actual euros and cents. We’ll find out as the data rolls off the calendar.