„There is no reason to panic“
Mr Weidmann, clouds are gathering over the economic outlook. Are Europe’s monetary policymakers getting ready to launch another large-scale operation?
It’s become something of a habit for people to turn straight to monetary policymakers and demand a large-scale response. Ever since the onset of the crisis, central banks have been widely regarded as the only institutions capable of taking action. I think that’s wrong. And what’s more, it doesn’t do justice to the euro area’s latest economic data, either.