A rift in Europe over how best to control its banks has raised a question mark over how far the bloc is willing to go in setting up a new agency to shut stricken banks. One has to welcome the ... more 
A rift in Europe over how best to control its banks has raised a question mark over how far the bloc is willing to go in setting up a new agency to shut stricken banks. One has to welcome the European Central Bank's bold break with tradition last week by announcing that it plans to keep interest rates low for an extended period of time. The European Central Bank cannot solve the euro zone crisis, Bundesbank chief Jens Weidmann told economists, pressing the bloc's governments to get their economies in shape and tighten their fiscal rules. less 
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Wochit
Tue, Jul 9, 2013 9:30 AM EDT