Weidmann Says ECB Looking at Ways to Exit From Crisis Tools
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European Central Bank council member Jens Weidmann said policy makers are already discussing ways to withdraw some of the emergency cash they injected into the banking system to fight the sovereign debt crisis.
“All council members are aware that non-standard measures create risks and have to be unwound,” Weidmann, who heads Germany’s Bundesbank, said at a press conference in Frankfurt today. “We need this discussion and it is taking place. The timeframe depends on several things, including how the environment develops.”