Mario Dragons yesterday in Frankfurt he did not say which of the 23 members of the European Central Bank's board of directors voted against. The governor remained diplomatic even though everyone knew he had been German Jens Weidmann. Two hours after Draghi's speech, the president of the Bundesbank he sent his spokesman to say that the ECB's decision to buy unlimited bonds is too close to state funding. “Monetary policy runs the risk of becoming dependent on fiscal policy,” Weidmann said.
It should be remembered that his predecessor Axel Weber, now at the helm of UBS, in turn left his post as governor of the German National Bank in protest against the central bank's increasingly lax measures.
In a chorus of criticism from German economists, which has been filling the newspapers for days, the official reaction of the German government is very balanced. Chancellor Merkel from Madrid from the meeting with premier Rajoy and also the minister of the economy, the liberal Philipp Rösler only said that politics must do its homework and that the countries in crisis must continue with their reforms.
Hard the bottom ofReuters is is on Weidmann's side. The economic journal writes that the power of the European Central Bank is now equal to that of the state-saving fund, but without democratic control. The independence of the ECB was a mistake, according to the newspaper, it can now be seen in the crisis. The comment more drastic comes from a reader of the "Bild": “Italy is a country of crisis and Draghi is an Italian. Other questions?"
