Wednesday, June 9, 2010

German Bankers Say ECB's Independence Compromised

By buying bonds issued by Greece even after the latter was bailed out by the EU. They suspect Trichet has given in to a request by President Sarkozy and that may be benefiting French banks which have tons of them on their books.

Read the interesting article from Spiegel Online to also find out about the risks involved in managing market yields in this particular case.

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