Germany pulls back from recent overt............>

ECB: Germany pulls back from recent overt criticism of ECB (FT)

- A recent apology to Mario Draghi by Germany's top central banker has

highlighted a pressing concern in the eurozone's largest economy about the

European Central Bank: that criticism of its monetary policies is going too far

and risks creating a domestic backlash. Jens Weidmann, the Bundesbank president,

said sorry to Mr Draghi after a broadside against the ECB's stimulus package in

September, which was delivered in an interview with Bild, Germany's best-selling

newspaper. Bild portrayed Mr Draghi, who has now ended his term as ECB

president, as "Count Draghila", sucking dry the bank accounts of German savers.

Mr Weidmann, who said in the interview that the ECB was jeopardising financial

stability, later told Mr Draghi that he was "unhappy with the editorial

placement" of the interview - if not its content - according to a Bundesbank

spokesman.

- Link: https://www.ft.com/content/1186acba-128f-11ea-a7e6-62bf4f9e548a