Friday, September 09, 2011

Team Players Only Need Apply to ECB Executive Board

Bloomberg reports:
Juergen Stark resigned from the European Central Bank’s Executive Board after protesting the bank’s bond purchases on a conference call earlier this week, said a euro-area central bank official familiar with the meeting.
This isn't so much a "blow" to the ECB as it is a removal of one more element of opposition to the ECB's bailouts of those nations on the brink of debt default.

If you're not in, pally, you're out!


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