Germany's economy has weakened but it is too early for major economic stimu...
FRANKFURT - Germany’s economy has weakened but it is too early for major economic stimulus from the government or the European Central Bank, Bundesbank President and ECB policymaker Jens Weidmann was quoted as saying on Saturday.
“The current outlook is particularly uncertain,” he told German weekly Frankfurter Allgemeine Sonntagszeitung in an interview. “But we shouldn’t surrender to pessimism or activism.” Weidmann, a policy hawk who in the past criticized the ECB’s easy-money policy under Mario Draghi and was long tipped to replace him, said rate-setters shouldn’t be afraid of disappointing investors expecting more largesse.
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