Hardline German ECB Presidential Candidates Dropping Like Flies

After Bundesbank President Axel Weber threw in the towel, crusty old Peer Steinbrueck said don’t even think about asking.

A hardliner on monetary policy matters, Weber has been at odds with several European governments since the outbreak of the eurozone debt crisis.

He vehemently opposed the ECB buying the bonds of debt-stricken peripheral eurozone nations as part of a concerted strategy to calm down the markets.

His public criticism of an ECB council decision in May, 2010, to buy the bonds had angered several EU leaders.

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