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Bundesbank president opposes ECB rescue plan

27.08.12 @ 09:08

  1. By EUOBSERVER

Bundesbank president Jens Weidmann warned over the weekend that any plans by the European Central Bank to buy up eurozone sovereign bonds would go beyond the bank's mandate. “In democracies, parliaments rather than central banks should decide on such an encompassing mutualisation of risks," Weidmann told Spiegel.

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