| Author (Person) | Atkins, Ralph |
|---|---|
| Series Title | Financial Times |
| Series Details | 25.8.11 |
| Publication Date | 25/08/2011 |
| Content Type | News |
|
Germany’s head of state accused the European Central Bank of 'legally questionable' action in buying up the bonds of countries worst-hit by the eurozone debt crisis. The blunt attack by German President Christian Wulff on the 25 August 2011 is the highest profile criticism so far of the ECB’s controversial programme, and highlights widespread concerns in Germany about the politicisation of the euro’s monetary guardian. The ECB declined to comment on the remark. But an official at one central bank in Europe said the German President failed to realise the ECB’s crucial role in preventing the collapse of the eurozone. The ECB is to pass on the responsibility of purchasing sovereign bonds to the European Financial Stability Facility, Europe's rescue fund for heavily indebted states, once national parliaments approve the measure. |
|
| Related Links |
|
| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Germany |
