Last quote by Jens Weidmann
Jens Weidmann quotes
A successful negotiation outcome must strengthen the resilience of the banking sector but also be regionally balanced and cannot hollow out the risk-oriented approach of the Basel framework.
Fair partnership has always been the basis of international relations ... So it should remain.
Not only the sentiment and trends behind the Brexit vote but also the result of the American presidential election raises questions about how far protectionism and isolationism will determine the future political agenda.
We must face the challenge of convincing people about the advances of an open market economy and must to take their fears of the future seriously.
But monetary policy cannot afford to ignore these developments if banks' health problems endanger the monetary transmission mechanism, or doubts about the stability of life insurance or pension companies prompt households to increase their precautionary savings.
From a cyclical perspective at least, there is a ray of hope on the horizon. We shouldn't ignore the fact that, even with monetary policy rates unchanged, the increase in inflation rates automatically leads to lower short-term real interest rates and, therefore, to a further loosening of the monetary policy stance.
All in all, the risks of ultra-loose monetary policy are becoming increasingly clear. It is important to give the measures taken enough time to have an impact on the inflation rate.
As a banking supervisor, it could find it difficult to be tough with a bank or even wind it down if it knows that, because of its monetary policy measures, it is its biggest creditor.
Passporting rights are tied to the single market and would automatically cease to apply if Great Britain is no longer at least part of the European Economic Area.
All things considered, the decisions for me went too far and the comprehensive package of measures didn't convince me.
Ultimately euro zone states and therefore taxpayers would end up having to bear the costs because there wouldn't be central bank profits for a long time.
The euro area's gradual economic recovery is likely to continue in the rest of this year and in 2017.
Long term rates depend equally on long-term inflation expectations and on the economy's growth prospects. Interest (income) for investors doesn't fall from the sky, it must be earned by companies.
Neither side has an interest in putting up trade barriers. But the EU should also not give the UK a better treatment than it does to Switzerland and Norway.
Monetary policy is already expansionary and I'm doubtful that an even more expansionary stance would have stimulatory effect at all. This is a political crisis which must be solved politically.
For the Frankfurt financial centre, new opportunities could arise.
Of course he'll never say the ECB was completely right but he accepts that the Bundesbank's 'don't do anything' stance has become untenable given how fast the outlook deteriorated.
Although monetary policy has done a lot for the euro zone economy, it can't create sustainable economic growth.
There is reason to hope the current sluggish phase will prove to be shortlived.
Whoever suggests it underestimates the interconnectedness of the different eurozone economies. An exit would also have far-reaching consequences for our banks and companies.