The European Central Bank's massive buying of government bonds shouldn't become a form of 'unbound', permanent help to indebted governments, ECB policymaker Jens Weidmann said on Monday.
FILE PHOTO: German Bundesbank President Jens Weidmann attends the 29th Frankfurt European Banking Congress at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski
The head of the Bundesbank defended the ECB’s “flexible” purchases, which have been focussed on debt from struggling Italy, but said these should only be temporary.
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