German-French quarrel on ECB's role renewed

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Source: Bloomberg
The incapability of European officials to stop debt crisis has reintroduced Franco-German clash over the role of European Central Bank as well as increased investor doubt over policy makers' competence. As Greek debt holder began talks of accepting 50% of losses, German and French counterparties unexpectedly showed resistance and bond yields outside Germany reached euro-era highs. 
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Fri, 18 Nov 2011 09:41:47 GMT

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