Bundesbank's Weidmann: extraordinary ECB support was necessary
Tweet
Share
E-mail
FILE PHOTO - German Bundesbank President Jens Weidmann attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski
FRANKFURT (Reuters) - Extraordinary measures enacted by the European Central Bank were necessary to support the euro zone economy, even if opinions differed on the details of the measures, Bundesbank President Jens Weidmann told Germany newspaper Die Zeit.
Weidmann's comments come a day after the German Constitutional Court ruled that the ECB overstepped its powers when it bought 2 trillion euros were of government bonds since 2015.
(Reporting by Balazs Koranyi; Editing by Jon Boyle)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ASX posts higher annual profit on strong trading activity, shares rise
- Zambia votes in elections expected to favour incumbent Hichilema
- ANZ says property tax changes hit mortgage demand, posts slightly higher profit
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
