Bundesbank Chief Weidmann Says ECB Shouldn't Take Up Fed-style QE: Report

German Bundesbank President Jens Weidmann said Friday the European Central Bank shouldn't embark on launching quantitative-easing programs such as those seen in the U.S. and in Japan. In the U.S., there's a "central state that issues bonds that are very safe and secure. We don't have that central state here," Reuters quoted Weidmann as saying at an economic conference in Frankfurt. Weidmann said countries in Europe may not take up necessary structural reforms if they're able to borrow money too cheaply. Also, current monetary policy at the ECB is "too expansive for Germany," said Weidmann, according to the Guardian newspaper.

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