Conflict between Bundesbank and Draghi intensifies

The conflict between ECB President Mario Draghi and Bundesbank President Jens Weidmann over the course of the European Central Bank is more severe than expected, and has become “almost impossible.”

The Italian ECB chief characterizes the Bundesbank president after statements from witnesses internally on a regular basis with the three German words “No to all”.

According to insiders, therefore Draghi is no longer even trying to win the Germans for its programs.

Since July there was a direct contact between the two presidents of the ECB and the Bundesbank outside of the two Council meetings in early September and early October.

Source: Focus Magazine