NEWS Release - Weidmann reiterates criticism of government bond purchases
Bundesbank President Jens Weidmann has reiterated his criticism of the Eurosystem’s government bond purchases. Such purchases caused a blurring of the boundary between monetary and fiscal pol-icy, he said in a speech delivered at the Ruhr University Bochum. It was worrying that the purchases meant that a large part of general government debt was no longer subject to the disciplining effect of the capital markets.