Germany needs structural surplus, Weidmann says

Jens Weidmann
Jens Weidmann

The Deutsche Bundesbank's president has argued strongly against the view that Germany is "over-saving" and should purse a more expansionary fiscal policy.

Speaking on May 11, Jens Weidmann also presented views on the treatment of eurozone sovereign bonds, which differ sharply from the views of the Bank of Italy governor.

He also warned prolonging low interest rates for too long risks financial instability. Asset managers "might become increasingly nervous", which could increase the chances of a

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