The president of the German central bank Jens Weidmann could quit his job over the planned bond buying scheme by the ECB. Weidmann already expressed his reservation in the last rate decision by the ECB, and could take one step further, walking in the footsteps of his fellow countrymen Axel Weber and Jürgen Stark. This is what is feard in Berlin as Weidmann finds himself isolated. The other German in the ECB, Jörg Asmussen, gave his backing to Draghi’s program. The German economic paper Handelsblatt quotes Willsch Emil, a member of parliament from Merkel’s CDU party that is a member of the budget committee. This is reported by El Economista (Spanish, Google Translated) Mario Draghi and the other members of the ECB’s executive board have cancelled their planned trip to Jackson Hole due to heavy workload. Who is going? Jens Weidmann. While he’ll go for only one day (instead of 3 originally planned), he is going in separate paths from the rest of his colleagues. A German support or at least acquiescence is needed for the grand plans of Draghi to run smoothly. Draghi suggested buying bond en masse to combat the “unacceptable” yields of some countries. The high yields represent the risk of “convertibility” – a break up of the euro, which Draghi vowed to defend. Draghi did condition such action by a formal aid request by the countries that need aid (Spain being first and foremost), with conditions such as austerity applying. Spain is getting closer to submitting a request, especially after the Spanish region of Catalonia asked for help from the Spanish government. Further reading: 3 Reasons to be Optimistic About Europe Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next USD/CAD: Trading the Canadian GDP Aug 2012 Kenny Fisher 10 years The president of the German central bank Jens Weidmann could quit his job over the planned bond buying scheme by the ECB. Weidmann already expressed his reservation in the last rate decision by the ECB, and could take one step further, walking in the footsteps of his fellow countrymen Axel Weber and Jürgen Stark. This is what is feard in Berlin as Weidmann finds himself isolated. The other German in the ECB, Jörg Asmussen, gave his backing to Draghi's program. The German economic paper Handelsblatt quotes Willsch Emil, a member of parliament from Merkel's CDU party that is a member… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.