Angela Merkel lashes out at the FED

Discussion in 'Economics' started by Debaser82, May 11, 2010.

  1. Angela Merkel, the German chancellor, criticised the world’s main central banks in surprisingly strong terms on Tuesday, suggesting that their unconventional monetary policies could fuel rather than defuse the economic crisis.

    The attack on the US Federal Reserve, the Bank of England and the European Central Bank is remarkable coming from a leader who had so far scrupulously adhered to her country’s tradition on never commenting on monetary policy.

    “What other central banks have been doing must stop now. I am very sceptical about the extent of the Fed’s actions and the way the Bank of England has carved its own little line in Europe,” she told a conference in Berlin.

    “Even the European Central Bank has somewhat bowed to international pressure with its purchase of covered bonds,” she said. “We must return to independent and sensible monetary policies, otherwise we will be back to where we are now in 10 years’ time.”

    Ms Merkel’s decision to ignore one of the cardinal rules of German politics – an unwritten ban on commenting monetary policy out of respect from central bank independence – suggests Berlin is far more concerned about the route taken by the ECB than had hitherto transpired.

    Berlin is concerned that the central banks will struggle to re-absorb the vast amount of liquidity they are pouring into the markets and about the long-term inflationary potential of hyper-lose monetary policies.

    Oh wait, this was an article from 06-02-2009...

  2. MoscowTD


    since then she got paid enough to LOVE The FED and IMF :mad:

    If you are a person of power and don't like the fact that Rothschilds run the world.

    They just buy you out..............why not they print money
  3. That's a good one.
  4. I dont know what impact her speech made in Europe or Germany, but here in America...........:confused:
  5. Another alias? Good way to circumvent everybody's ignore list I suppose...