European Central Bank President Jean-Claude Trichet made his feelings about German skeptics of his bank’s actions very clear at Thursday’s press conference.
Asked by a reporter at a major German financial publication what he thought of statements from a leading German politician that the ECB had become a bad bank and the thoughts of some economists who say that Germany should ditch the euro, Mr. Trichet let loose. http://blogs.wsj.com/source/2011/09/08/ecbs-trichet-lashes-out-at-german-critics/
All Is Up To the Greeks Now
Euro hits 6-1/2-month low vs dlr; ECB's Stark quits But news of such division within the ECB that chief
economist Juergen Stark would resign prompted investors to shun risk. The ECB confirmed Stark was leaving but said he would stay until a successor was appointed "There is increased uncertainty surrounding the ECB and the euro zone with another major hawk off the governing council," said Michael Woolfolk, managing director at BNY Mellon Global markets in New York. "The ECB developments are euro negative
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