Bundesbank chief threatened to resign over crisis measures: report
AFPFRANKFURT -- The head of the German central bank or Bundesbank has threatened to resign in the festering fight with the European Central Bank over its anti-crisis measures, the daily Bild reported Friday.
September 1, 2012, 12:04 am TWN
The newspaper, quoting financial sources, said Bundesbank chief Jens Weidmann has repeatedly threatened to quit in protest over ECB chief Mario Draghi's plans to restart a contested bond-buying program to help the eurozone's most debt-wracked countries.
The German government has pressed Weidmann to remain, however, and the Bundesbank chief — who like each of the other 16 eurozone central bank chiefs has only one vote at the ECB's monthly policy setting meetings — has agreed to stay on at least for the time being and fight his corner at next week's meeting.