BBK: Need Strict Bailout Conditions, Oppose ECB Bond Buys

The Bundesbank on Monday reiterated its objection to new government bond purchases by the European Central Bank and called for strict conditionality on any new bailout loans. “The Bundesbank maintains its view that government bond buys in particular should be assessed critically and that they come with significant risks for stability policies,” The Bundesbank warned in its monthly report. “Decisions regarding yet more pronounced pooling of solvency risks should be made through fiscal policies – that is, governments and parliaments – and should not be carried out via the central bank ...
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