Berlin and the Bundesbank in spat over IMF

Klaus Engelen

The Deutsche Bundesbank appears to be under attack from all sides in its fight to defend the separation of monetary policy and fiscal policy, including its efforts to maintain the monetary character of the International Monetary Fund (IMF). The latest critic was financier George Soros who, in editorials in the Financial Times and Handelblatt, hit out at the Bundesbank for starting to take measures to limit the losses it would sustain in the event of a break-up of the European Monetary Union (Emu