ECB resignation hits global markets / Germany nominates Asmussen to succeed Stark

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Series Details 10.9.11
Publication Date 10/09/2011
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European Central Bank chief economist Jürgen Stark resigned on the 9 September 2011 amid speculation of conflicts within the ECB over its bond-buying programme and exposing the deepening divisions over the bank’s handing of the eurozone debt crisis.

In the following days Germany confirmed that it would nominate Jörg Asmussen, its top international troubleshooter in the financial crisis, to join the executive board of the European Central Bank to replace Mr Stark.

Related Links
BBC News, 9.9.11: Juergen Stark in surprise resignation from ECB http://www.bbc.co.uk/news/business-14858155
Deutsche Welle, 9.9.11: European Central Bank high-roller quits in apparent policy dispute http://www.dw-world.de/dw/article/0,,15377172,00.html
ECB: Press Release, 9.9.11: Jürgen Stark resigns from his position http://www.ecb.int/press/pr/date/2011/html/pr110909.en.html
Frankfurter Allgemeine Zeitung, 12.9.11: End of the age of stability (via PressEurop) http://www.presseurop.eu//en/content/article/940351-end-age-stability
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