Weidmann says that ECB bond buying endangers central bank independence

The European Central Bank's (ECB) Jens Weidmann has warned that bond buying threatens central bank independence.

These comments will be seen as quite an understatement by those who believe that the ECB already has an independence problem.

Weidmann stressed the downsides to Germany of the exit of any member state from the Eurozone, claiming that no one in Germany is yearning for a return to the Deutsche Mark.

Following comments by ECB president Mario Draghi in support of publishing minutes, Weidmann said that while he supported publishing these in a timely manner, doing so would not be without downsides.

Weidmann believes that publication of central banker talks could restrict discussion.