Comme d’habitude, F. Asselineau invente à demi-mot une nouvelle conspiration européenne contre notre douce France. C’est un peu la même tactique que celle de la transmutation des thermites à ground Zéro, il y a toujours moyen de lancer le bouchon un peu plus loin en dénonçant la prochaine conspiration qui vient, prolongation de celle qui venait mais que l’on n’a pu démasquer car les comploteurs, c’est bien connu, sont beaucoup trop malins pour la candeur de nos belles âmes naïves.

Weidmann gains traction with policy pushback by Paul Carrel, source : http://www.reuters.com/article/2012/03/05/us-ecb-idUSTRE82401D20120305

The publication of Weidmann’s letter to Draghi in the Frankfurter Allgemeine Zeitung daily comes against the backdrop of a debate in Germany about euro zone imbalances, with the president of the Ifo think tank, Hans-Werner Sinn, arguing that stronger countries are financing the deficits of the weak.
« Mr Weidmann is doing his best to record the Bundesbank’s doubts about the extended use of collateral within the Eurosystem and is making his point in a rather forceful fashion, » said David Marsh, author of ’The Euro : The Politics of the New Global Currency’.
« Ultimately Mr Weidmann has only one vote within the 23-person ECB council. His power is limited to his sway over German public opinion and in German politics, but this may turn out to be more effective than many people think, » said Marsh, who is co-chairman of think tank OMFIF.
Weidmann feels that as chief of the biggest national central bank in the euro zone he must express his views and argue his case, in public if necessary. He believes the Bundesbank’s credibility depends on it having the trust of the German people and is fiercely protective of its independence.
He has distanced himself from German Chancellor Angela Merkel, to whom he was previously a top adviser, since moving to the Bundesbank last year and has been at odds with Berlin over its push for the private sector to be involved in shouldering the cost of bailouts.
Weidmann says privately that to quit as his predecessor, Axel Weber, did would not help the Bundesbank make its point among the Eurosystem of euro zone central banks.
« My daughter leaves the room when she doesn’t get what she wants, but she still doesn’t get what she wants. If I do the same, how does the Eurosystem look ? » he asked last year.
Draghi also knows it is in his interests to keep Weidmann onside as the Bundesbank, which is renowned for its inflation-fighting tradition, could help lend credibility to the ECB’s exit strategy when it starts to tighten monetary policy.