– is the clash between the governor of the Bank of Italy Ignazio Visco and his German Jens Weidmann on the purchase of government bonds by the ECB, the Quantitative Easing . According to the German slow down the pressure on reforms in Italy and France, Visco believes in and says it will not.
The QE “is not a tool like any other. It involves the risks “and increases the possibility that” is neglected “by countries in difficulty balance sheet strength, attack the number one Bundesbank Weidmann , which, as if to put on paper the opposition already expressed in board of Eurotower, insisted: “The purchases reduce the pressure” on the need to continue with the reforms, “also on countries like Italy and France . But it would be dangerous not to pursue path of reform. ”
In short, the bazooka of Dragons in and around Berlin still does not like and does not increase the confidence in the Germans for the countries lagging behind.
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