Bundesbank’s Weidmann Said to Oppose Resuming ECB Bond Buys

Bundesbank President Jens Weidmann opposed the European Central Bank’s decision to resume bond purchases today, an official familiar with the discussions said.

ECB President Jean-Claude Trichet told a press briefing in Frankfurt that while the decision was not unanimous, it was taken with an “overwhelming majority.” The official, speaking on condition of anonymity because the ECB policy meeting is not public, said Weidmann was not the only Governing Council member against the move. A Bundesbank spokeswoman declined to comment.