Weidmann calls for fiscal consolidation and sovereign risk reform
Bundesbank president maintains tough stance on key policy issues
Bundesbank president Jens Weidmann has called for eurozone states to tighten their fiscal stances, saying that the European Union’s fiscal rules appear to be “weak”.
“I am concerned by the fact that enthusiasm for consolidation in the euro area appears to have waned,” Weidmann said in a speech in Frankfurt on June 5.
Weidmann is seen as one possible successor to current European Central Bank (ECB) president Mario Draghi. His speech praised French president Emanuel Macron for creating “a
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