Weidmann, Munchau and Target2

Here are some comments on the reported letter of the Bundesbank president to Mario Draghi.  The blog software is objecting to posts longer than a couple of paragraphs, so for now I’ll just post links to files hosted on my own website.

Update: Here is a short piece on Target2 balances written by two Bundesbank staff that I’m guessing are not too thrilled with Mr. Weidmann’s intervention.