FRANKFURT (MNI) – Bundesbank President Jens Weidmann has no
intention of resigning, a Bundesbank spokesperson signalled, pointing to
a recent Weidmann interview in the German magazine Der Spiegel.
“I can do justice to my job best when I remain in office. I want to
work to ensure that the euro will remain as hard as the mark,” Weidmann
had said in the interview when asked whether he might resign.
CDU Parliamentarian and budget expert Klaus-Peter Willsch warned
earlier on Thursday that Weidmann could resign if he does not get
the necessary support from Germany.
Recalling the resignations of former Bundesbank President Axel
Weber and European Central Bank Executive Board member Juergen Stark in
the face of non-standard ECB monetary policy measures, Willsch said: “In
the long-term Weidmann can only persist if he is certain of the support
of the his home country.”
Most recently, Angela Merkel gave her tacit support to ECB
President Mario Draghi’s new bond-buying plan and said that she believed
the ECB’s policies were in line with its mandate to ensure price
stability.
Weidmann, on other hand, has voiced his opposition to the plan and
warned that bond market interventions come “too close to state financing
through printing money.”
–Frankfurt newsroom +49 69 72 01 42; e-mail:frankfurt@mni-news.com
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