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President of German Bundesbank Jens Weidmann speaks on the podium during the Frankfurt Euro Finance Week in Frankfurt November 19, 2012. REUTERS/Lisi Niesner

Central banks not the only crisis managers - ECB\'S Weidmann
Central banks not the only crisis managers - ECB'S Weidmann
Posted : Sunday, 20 January 2013 04:46AM

(Reuters) - It is "wrong and dangerous" to see central banks as the only able crisis manager, European Central Bank policymaker Jens Weidmann said in an interview with a Finnish newspaper.

"Central banks in recent years have been pulled into the role of a crisis manager. Some think that central banks are the only able ones. I consider this thinking wrong and dangerous," Weidmann told Helsingin Sanomat.

Weidmann, who also heads Germany's Bundesbank, reiterated his opposition to the sovereign bond purchases by the European Central Bank, saying they pose a considerable risk to monetary policy.

(Reporting by Ritsuko Ando, Editing by Louise Heavens)

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