They note that Mr Weidmann repeated his position that “if we do need a future debt write down, then it should only be considered if Greece has fulfilled its reform path.”
Moving onto banking union, Weidmann is reported to have called for a change to the European constitution in order to avoid any conflict of interest between the ECB´s monetary policy and planned new super visionary duties. He is also reported to have said that while the German property market is strained in some regions, property prices have increased significantly in markets such as Frankfurt or Munich, with low interest rates driving a real estate boom.
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