Bundesbank boss criticises ECB 'bazooka'

The president of Germany's Bundesbank on Saturday criticised the latest package of stimulus measures by the ECB including slashing rates still further, warning against "reckless" moves and unintended fallout. In an interview with German journalists Jens Weidmann indicated he was "not convinced" by the efficacy of an unprecedented barrage of stimulus measures to jumpstart the eurozone economy. "The package decided on did not convince me overall," said Weidmann.