ECB hardliner Weidmann comes in from the cold as deflation threatens

Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. This Bundesbank chief and head of the German central bank is well known for his hardline stances at the ECB, and in his latest endeavors, he is ready to support such quantitative easing (QE) if he and his ECB colleagues deem it necessary. What is under discussion in this article by Reuters, are the consequences of such a scenario. It risks undermining the efforts of crisis-hit countries on the euro zone, for instance, and could ultimately hit growth across the board if households defer purchases in anticipation of lower prices in the future.

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