BUBA chief and ECB governing council member interviewed in Boersen-Zeitung published today.
- govts should decide how to handle risks to banks
- Greece illustrates the ECB’s conflict of interests
Update: The interview was conducted before last night’s ECB decision to restrict loans to Greek financial system
I am of the opinion that we should apply strict standards on ELA ( Emergency Liquidty Assistance). If this should have consequences for finanical stability, then governments must meet their responsibilities
Governments must take the decisions on if and how banks should be kept above water or wound down. It can be about taxpayers money after all
Germany still holding the cards as Varoufakis gets set to meet Schaeuble
Weidmann- talk to the hand cos the face ain’t listening
