- Overburdening monetary policy is an anathema to the bundesbank
- Best contribution monetary policy can make is price stability
- Euro nations must pursue long delayed reforms
- Balance of financial liability and control lopsided
- Preferential treatment of sovereign debt must end
- Bail in rules should start at same time as SRM
- Agrees with ECB’s Klaas Knot that should eventually consider establishing SSM as an institution separate from ECB
- Worried about complexity of EU fiscal rules
- Excessively boosting German wages would hurt jobs
ECB and Buba man Jens Weidmann giving a lecture in Amsterdam on monetary union. As I mentioned just now, they’ll be plenty more said before the ECB makes a big move on monetary policy.
