Czech National Bank

Claire Jones

Sir Mervyn King has twice of late attacked eurozone officials’ line on the region’s sovereign debt crisis, first at the inaugural Financial Policy Committee press briefing, then to parliament last Tuesday. On both occasions he trashed the view that the crisis was a problem of liquidity, not solvency, saying that unless officials accepted that sovereigns were broke, “we will never find an answer to it”.

He is not the only European central banker whose recent barbs have challenged the eurozone orthodoxy. Read more