Food for thought on Public Affairs (Europe, UK and world)
Tuesday, 25 September 2012
Is the Bundesbank living in the past?
Wolfgang Münchau (FT) is right (See FT's "Draghi is devil in Weidmann’s euro drama"). While the ECB is evolving into a Fed, the Bundesbank lives in the past. Hence it is not Europe that has to "speak" German as CDU's Kauder said a year ago, but the German policy/econ elite that must start "speaking" American!