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Jürgen Stark (raving mad) was ECB Chief Economist. The Bundesbank President was Axel Weber, who also resigned in protest at ECB policies like Stark did.

Axel Weber went on to become CEO of UBS, and then the butt of jokes:

How the mighty have fallen.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Thu Jun 5th, 2014 at 05:54:59 AM EST
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"Jürgen Stark (raving mad) was ECB Chief Economist." I see. But anyway, he is no less responsible for the rate hike in 2011.

Axel Weber has been in the Media with his warning about 'more volatility'. That is pretty tame for German standards.

by rz on Thu Jun 5th, 2014 at 06:59:05 AM EST
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