Merkel Shuts Down Greek Bid for New Aid Talks Before Referendum
German Chancellor Angela Merkel dismissed a bid for aid by Greece hours before its bailout expires and a payment deadline to the IMF passes.
Bundesbank Head Said to Have Threatened Resignation Over Bonds
Jens Weidmann, president of Germany’s Bundesbank, reportedly threatened to resign over the issue of bond purchases by the ECB, according to a German tabloid.
ECB Battle: Draghi vs. Weidmann
ECB President Mario Draghi is challenging Bundesbank President Jens Weidmann’s opposition to a plan for the ECB to reenter the bond markets.
ECB Plans to Hold Firm in Debt Crisis Policy
The ECB had no plans to announce at its Thursday meeting that it would launch any additional bond-buying measures or take any other action to combat the debt crisis in the euro zone, holding steady against calls for more action.
German Domestic Growth Strong
Many countries in the euro zone may have been dialing back on consumption or struggling to replace lost jobs, but not Germany.