Germans reject ECB Mario Draghi bond buying plan

Germans reject ECB Mario Draghi bond buying plan : European Central Bank chief Mario Draghi faces the most decisive moment of his presidency today when he tries to heal divisions among policymakers and deliver on his promise to save the euro.

Investors want to hear how the ECB will start a new bond-buying programme to help bring down the borrowing costs of Spain and Italy, after disagreements between bank policymakers over the plan were played out in public last week.

Germany's Bild newspaper reported that ECB Governing Council member Jens Weidmann, who also heads the Bundesbank, considered quitting over the scheme but was dissuaded from doing so by his country's government.

A large majority of the German population does not trust the president of the ECB Mario Draghi. A poll released today revealed that 42% of Germans reject Draghi's actions, 30% said they had no confidence in him and 12% had very little confidence in him. Less than one German in five (18%) appreciate Draghi's work, while 31% of the surveyed population did not know him and 9% did not express any opinion.

Linke voters are particularly critical of the President of the Eurotower, with 62% who say they have no confidence in him, while the biggest supporters of Draghi are in the Green party (32%), although a majority of ecologists (39%) say they do not trust him . .

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