Cartoons

2012 in cartoons: Who said anything about inflation risk?

27 December 2012
Süddeutsche Zeitung Munich

Who said anything about inflation risk? – Hanitzsch

On the sign: "Danger! Inflation risk"

In the battle against the debt crisis that continues to threatens the euro – and following the inaction of European leaders – the president of the European Central Bank, Mario Draghi, announced in early September that the ECB (EZB in German) will buy government bonds on the secondary market.

This measure is challenged by the president of the Bundesbank, Jens Weidmann, who underlines the "inflation risk" that this poses.