Bloomberg News

ECB Bond Purchases Would Fuel Inflation, FDP Lawmaker Tells Welt

August 03, 2012

The European Central Bank’s probable resumption of government-bond purchases is a mistaken plan that will fuel inflation, Alexander Lambsdorff, a German European Parliament lawmaker, told Die Welt.

Euro-area countries should adopt a debt-redemption fund as demanded by the European Parliament to quell the debt crisis, Lambsdorff, a Free Democrat, said in an interview with the newspaper. Such a fund offers a solution for euro-area leaders to act quickly to end the crisis, he was quoted as saying.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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