Quote Of The Day

The only sane central banker in the world, the Bundesbank's Jens Weidmann, take the prize for today's quote of the day with the following:

  • ECB'S WEIDMANN WISHES JAPAN `GOOD LUCK IN THEIR EXPERIMENTS'

So do we. They will need it.

And some other pearls from his speech:

  • WEIDMANN: JAPAN SHOWS MONETARY POLICY CAN BE PUSHED INTO DIFFICULT SPOT
  • WEIDMANN: COUNTRIES MUST RESPECT THE RULES OF MONETARY UNION
  • WEIDMANN SAYS ASKING ECB TO CALM MARKETS CREATES A WEAK EUROPE
  • WEIDMANN SAYS STATE INSOLVENCIES MUST BE POSSIBLE IN EURO AREA

And now cue the Princetonians.

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