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In an interview with Bild am Sonntag, Bundesbank President Jens Weidmann has “poured cold water on the European Central Bank’s timid economic stimulus policy,” notes La Vanguardia.
Weidmann argues that the ECB and France “are slacking in the fight against the causes of the crisis.” He is particularly critical of the reduction in interest rates decided by the ECB and the decision to allow France more time to meet its deficit targets.
The daily reports that, for his part, Mariano Rajoy has decided “to go on the offensive.” The Spanish Prime Minister is preparing for a June 5 meeting in Brussels in which he is hoping to convince the European Commission of the validity of his reforms.
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