German CDU lawmaker Fuchs: Against excessive ECB bond purchasing

• Warns that ECB bond purchasing could lead to inflation
• ECB’s Weidmann has ‘good chance’ to fend off excessive buying
• ECB can only buy bonds attached to conditionality
• ECB’s Weidmann has Merkel’s support
• ECB’s Draghi doesn’t have ‘too much’ support from Merkel
• ‘Quite positive’ that Spain and Italy will improve
• German court likely to back ESM, unlikely to undertake a referendum
• Greece can only be assisted if it ‘does its homework’

Comments made in an interview on Bloomberg TV