At the same time, the market was responding to rumors that Deutsche Bundesbank President Jens Weidmann was resigning.
Perhaps the denials from Angela Merkel, Jens Weidmann et al will leave room for a compromise on Friday.
He replaced Jens Weidmann, a long-serving adviser with an economics PhD who took over at the Bundesbank in May.
"The reform course in France seems to have floundered, " Germany's Jens Weidmann said.
In a phone call from Athens that day, Mr. Ackermann pitched the proposal to Ms. Merkel's chief economic adviser, Jens Weidmann.
The President of the German Bundesbank, Jens Weidmann, warned that the bloc was "constantly mutualising risks and weakening the agreed rules".
But Jens Weidmann, its 44-year-old president (pictured with Angela Merkel, the German chancellor), belongs to a new generation of German central bankers.
ECONOMIST: Inside Germany��s central bank: Europe��s monetary opposition | The
The German position is that of Jens Weidmann, head of the Bundesbank.
The head of the Bundesbank, Jens Weidmann, said that "if Italy stays the course on its reforms, it is on a good path".
The head of the Bundesbank, Jens Weidmann, told the judges that financial markets had already "partly priced in" a delay to the ESM's introduction.
"For Greece the consequences would be much more grave than for the rest of the eurozone, " said Jens Weidmann, head of Germany's central bank.
BBC: Greece bailout crisis: President seeks unity government
The bank's president, Jens Weidmann, was left to issue a statement that he regarded the bond purchases as "tantamount to financing governments by printing banknotes".
On the very same day of the Deutsche Bank report Herr Dr. Jens Weidmann, president of the Bundesbank, gave a speech entitled Money Creation and Responsibility.
FORBES: Signs Of The Gold Standard Are Emerging From Germany
These include Markus Kerber, formerly Mrs Merkel's chief economic adviser and now director of the Federation of German Industry, and Jens Weidmann, once Mrs Merkel's chief financial adviser and now head of the Bundesbank.
The president of the German Bundesbank, Jens Weidmann - a former economic adviser to Chancellor Merkel, and an increasingly influential player in the eurozone crisis - has been indicating the kind of bargain Germany would demand.
The recent sharp appreciation of the single currency did not "signal a serious overvaluation", Jens Weidmann argued in a speech that came at a time of rising fears the eurozone stands to lose most in a global currency war.
"This is now going to prompt talk again of an ECB rate cut, given that Bundesbank head, Jens Weidmann, conceded recently that a rate cut would be considered if we see further worsening in the economic data, " said Craig Erlam, market analyst at Alpari.
Jens Weidmann, whose institution's own fierce independence from political influence was the model for the European Central Bank when it was founded, said Stephen King, the chief economist at HSBC, was "perhaps right" in forecasting an end to the era of central bank independence.
But what made him really cross was the Bundesbank President, Jens Weidmann, last week dismissing Monti's proposals to use the two rescue funds, the EFSF and the ESM, to buy the sovereign bonds of countries like Italy or Spain to keep their borrowing costs at reasonable levels.
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