Daily Archives: November 4, 2011

Ralph Atkins

How to upset a German central banker?  Accuse him of “pragmatism”. The word has a negative meaning in Europe’s largest economy, as comments on Friday by Jürgen Stark, an European Central Bank executive board member, illustrate.

Reuters reports the former German Bundesbanker as denying Thursday’s quarter percentage point interest rate cut by the ECB marked a strategic shift towards pragmatism by Mario Draghi, the new ECB president. “Yesterday’s decision has nothing to do with pragmatism,” Mr Stark told a Frankfurt conference. Read more

Claire Jones

Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe  Read more