Wednesday, 3 June 2009

Germany's Angela Merkel attacks Bank of England's move to pump money into UK economy

Telegraph "In an unprecedented intervention, she cast doubt on whether the plans of the Bank of England, Federal Reserve and European Central Bank to pump cash directly into their economies would succeed, or could be easily unwound."What other central banks have been doing must be reversed. 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 said at a conference in Berlin."

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