The head of Germany's central bank on Saturday voiced his "scepticism" about the ECB's decision to launch a trillion-euro bond-buying programme in a bid to ward off deflation and boost the eurozone economy.
"I regard this decision with scepticism," the Bundesbank president Jens Weidmann told the German daily Bild.
Weidmann is a member of the the European Central Bank's council of governors that approved of the stimulus plan known as quantitative easing (QE) but he did not agree with the decision announced on Thursday.
"Buying sovereign debt, in a single currency union, is not like any other (monetary) tool. It brings risks," Weidmann told the paper.
Critics, particularly in Germany, Europe's biggest economy, complain that the QE is a licence to print money to get governments out of debt and will lessen pressure for reform.
Source: AFP
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