Weidmann hits out at 'austerity backlash'

Jens Weidmann

Bundesbank president Jens Weidmann today told a conference audience in Paris that "fiscal consolidation is crucially important to keep inflation expectations anchored".

Delivering the policy lecture on the second day of the fourth Banque de France-Deutsche Bundesbank Macroeconomics and Finance Conference, Weidmann said that in his view, "in a nutshell: I see no conflict between consolidation and growth".

Weidmann said his belief that "solid public finances have a beneficial effect on growth" was

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