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January 16, 2014 AT 5:24 AM
Germany's Bundesbank president Jens Weidmann said there was no reason for "irrational inflationary fears" and dismissed suggestions of a danger of the euro zone falling into deflation, echoing the European Central Bank's outlook. A more hawkish member of the ECB's governing council, Weidmann also urged France to live up to its function as a role model and show its peers how to restore economic competitiveness, saying it was decisive for the recovery of the whole the euro zone.