Draghi has turned ECB into 'bad bank'

Discord within Germany's ruling coalition over how to deal with the ongoing euro crisis flared anew Thursday when two politicians from the ruling coalition took aim at Mario Draghi, the Italian chief of the European Central Bank (ECB). In an article on business daily Handelsblatt's online version, austerity hawks Klaus-Peter Willsch, from German Premier Angela Merkel's CDU party, and Frank Schaeffler, from coalition partner FDP, accused Draghi of "turning the ECB into a creditor of states and a bad bank." Willsch also called for increasing Germany's say in the bank's management, writing that "a new weighting of votes is needed for ECB decision-making in proportion to each country's responsibility".