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1) The BuBa owns 20% of the ECB's capital (~GDP in the EU27), so it is not farfetched that they have disproportionate influence on decision-making; 2) going by the public pronouncements of the people involved, the Germans have been notorious for public breaches of ECB council collegiality, undermining or delaying ECB action repeatedly in this crisis; 3) we're still pretty much living with the non-petty economic consequences of Herr Weber.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed Sep 7th, 2011 at 11:19:03 AM EST
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