• Says policy discussions were rich and not contentious
  • Governing council was unanimous in concern over recent data
  • Had to ensure not behind the curve in fragile environment
  • Recent data shows there is some increase in downside risks
  • Says labour market reforms are important for Italy
  • Made clear monetary policy can only buy time and not solve structural problems of society

I wonder who was most vocal in those “rich” and “not contentious” discussions?

Jens Weidmann

“You want the cash in here you’ve got to go through me and her boys. To me Sabine, to me”