Question: In a recent interview in the Der Spiegel magazine Mr Weber made the following statement: “There are minutes of meetings of the American Federal Reserve Bank and the Bank of England in which divergent opinions are documented. I think that’s exemplary.
I had already told my colleagues ahead of time that we weren’t with a routine decision, but an important change in direction, and that I could not keep my opinion to myself on such a fundamental issue.” Was Mr Weber correct when called the launching of the SMP an “important change in direction” for the ECB?