Jens Weidmann: Italy Moves and Rescue Banks

jens weidmann: Europe's central bank was modeled in large part on the Bundesbank and also based in Frankfurt, according to Deutsche Welle. Hans Tietmeyer was an outstanding president, who always acted with the goal of monetary stability in mind, current Bundesbank chief Jens Weidmann said in a statement on Wednesday. Credited with establishing independence and price stability as a key pillar of the European Central Bank, he believed that member countries had to do their share to maintain competitiveness and sustainable growth. Our thoughts and sympathies go out to his family. He fears the scheme may not comply with new EU rules. 27.12.2016 Italy moves to rescue its banks Italy has moved to rescue banks teetering on the edge of insolvency - by agreeing to inject billions of euros on the public tab. DW recommends Bundesbank chief wary of Monte dei Paschi rescue plan The head of Germany's central bank, Jens Weidmann, has said the planned state-funded rescue of Italian lender Monte dei Paschi needs to be analyzed very carefully. (news.financializer.com). As reported in the news.