merkel eu leaders must not dictate to ecb
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Merkel :EU leaders must not dictate to ECB

Arab Today, arab today

Arab Today, arab today Merkel :EU leaders must not dictate to ECB

Berlin - AFP

European Union governments must not be allowed, at Wednesday\'s summit, to decide European Central Bank action, German Chancellor Angela Merkel told a news conference on Tuesday. \"We must not allow a misunderstanding, whereby politicians expect something from the ECB,\" Merkel said, referring to the role the central bank might play in helping deal with the eurozone debt crisis. \"We are negotiating with a view to have the ECB put forward its own point of view\" on how it wants to help deal with the crisis, she said. Germany is strongly attached to the ECB\'s independence and has long defended its right to be the final arbiter of monetary policy. A statement currently being discussed for Wednesday\'s EU summit refers to demands by EU leaders that the ECB maintain support measures for banks and indebted eurozone governments. \"Germany does not accept such a sentence in the communique,\" Merkel told reporters following a meeting with Bangladeshi Prime Minister Sheikh Hasina Wajed. The proposed EU statement says: \"We fully support the ECB in its action to ensure price stability in the euro area, including its non-standard measures in the current exceptional financial market environment.\" The ECB has so far bought a total 169.5 billion euros in eurozone government bonds since it first began such operations early last year as part of efforts to ease debt strains in the 17-nation bloc. Current plans would see a newly boosted European Financial Stability Facility (EFSF) take over responsibility from the ECB for buying the bonds of debt-troubled countries. German newspapers on Tuesday expressed concern however that the EFSF would not have the firepower needed to deal with contagion if the crisis spreads further. Quoting diplomatic sources, several newspapers suggested the ECB would have to continue helping the EFSF provide financial clout to deal with the crisis. Merkel appears determined to maintain a firewall between the EFSF and the ECB which by its constitution is supposed to be free of all outside political influence.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

merkel eu leaders must not dictate to ecb merkel eu leaders must not dictate to ecb

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

merkel eu leaders must not dictate to ecb merkel eu leaders must not dictate to ecb

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday