ECB’s Weidmann: ECB at risk of coming under political pressure to keep policy loose

During a scheduled speech at the Bundesbank Policy Symposium, President of the Deutsche Bundesbank and European Central Bank (ECB) Governing Council member, Jens Weidmann was noted saying that ECB was at risk of coming under political pressure to keep policy loose to benefit budgets.

He further added that European safe bond must be private to avoid perception that it's a full blown Eurobond.