The Euro Crisis

Jens Weidmann, President of Germany's federal reserve bank Bundesbank presents annual figures during the bank's annual news conference in Frankfurt (REUTERS/Kai Pfaffenbach).

Policy Brief

The Useful Contradiction of Germany's Bundesbank

April 2014, Carlo Bastasin

Germany's Central Bank, the Bundesbank, has often been vilified as the enforcer of unpleasant austerity measures on the rest of Europe's economies. However, argues Carlo Bastasin, the economic principles that the Bundesbank has defended during Europe's economic crisis are sound and should be reinforced, not eroded.

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