Bundesbank’s waning role in Europe dates back to Schmidt’s ‘Auschwitz’ comments

Helmut Schmidt

The waning influence of Germany's central bank in decisions such as the development of the single supervisory mechanism and European Central Bank intervention in eurozone sovereign debt markets is part of a long-term trend that dates back to November 1978, according to a new Central Banking journal article.

The article's author, Klaus Engelen, describes in Deutsche Bundesbank's losing struggle in European integration battle how the Bundesbank´s top central bankers over decades have faced a raft

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