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Do you really think it is wrong that the largest economy in the Eurozone has some influence? And capital doesn't vote the heads of the central bank do.

 "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;"

In your hate of the Bundesbank you don't seem to see what is happening here: The yare losing and try to use extraordinary means tp compensate for the fact that at the regular CBE decisison nobody listens to them.

 3) we're still pretty much living with the non-petty economic consequences of Herr Weber.

You mean Trichet.

by IM on Wed Sep 7th, 2011 at 11:56:29 AM EST
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