Boy does this bloke like the sound of his own voice, or what.
Weber thinks ECB interest rates are at an appropriate level. The 12 month money market operations announced by the ECB this month will continue to push down the yield curve.
He feels German economy will see a slow recovery starting next year. German firms aren’t suffering from a major restriction of credit, but they are being hit by a decline in orders.
The German government has already done a great deal to stimulate economy and this should be left to take effect.
European monetary union will not break apart.
