Draghi: The banks to which the ECB has lent the money have, by and large, not fed this into the economic cycle but have used it to meet old liabilities. So the money in terms of inflation has, so to speak, been neutralised. This action is not inflationary.
And we will watch very carefully if and how the money is fed into the economic cycle. BILD: But the head of Germany’s Bundesbank, Jens Weidmann, has issued a sharp warning about this flood of money. Draghi: I get on very well with Jens Weidmann both professionally and personally. Our difference of opinion has been blown up.