Due to the resulting knowledge of the French financing sector his later career in German financial politics was welcomed in France and seen as a support of the Franco-German twin engine[citation needed].
[3] In 2011, Weidmann suggested to Merkel that the position of Bundesbank vice president, which had also become vacant, be filled by Sabine Lautenschläger, then director of Germany's Federal Financial Supervisory Authority (BaFin).
[10] In early December, with another in a string of Eurozone summits imminent, Bloomberg commented that the new ECB head Mario Draghi "knows he can't afford to repeat" his predecessor Jean-Claude Trichet's mistake of alienating the Bundesbank.
[12] Weidmann, in late August 2012, was reported to have threatened to resign as Draghi's July 2012 promise to do "whatever it takes" to save the Euro seemed likely to lead to purchases of Italian and Spanish bonds to keep interest rates in those major member economies capped at manageable levels.
"In an interview with Der Spiegel last week, Weidmann said the bond buying made it look as if ECB was financing governments directly — and shouldn't go ahead", reported another MarketWatch commentator, Matthew Lynn.
Lynn further speculated on the Draghi-Weidmann interaction, reminding readers of Axel Weber's 2011 resignation over a "similar [ECB] scheme" and also of the 1992 failure of the European Exchange Rate Mechanism over German refusal to choose "printing money (taking some small risks with inflation) ... to stabilize the system".
[13] On 24 February 2016, as part of the Bundesbank's annual news conference, Weidmann notably dismissed deflation in light of the ECB's current stimulus program, pointing out the healthy condition of the German economy and that the euro area is not that bad off, on the eve of the 9–10 March 2016 meetings.
[16] In early 2022, the International Monetary Fund appointed Weidmann to lead a new external panel to strengthen institutional safeguards in the wake of a data scandal involving IMF Managing Director Kristalina Georgieva during her time at the World Bank.