ECB’s Weidmann making another bid to bring Europe to its knees

Comments from Bundesbank President Weidmann:

  • ECB rates shouldn’t stay low for longer than needed
  • France and Italy are increasing reasons for concern
  • Credibility of fiscal rules at stake if stretched more

There’s a battle going on in the EU as France tries to skirt the 3%-to-GDP deficit rule.

The German bloc is pushing back, even as the continent threatens to fall into another recession.

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