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FRANKFURT, Nov 4 (Reuters) - The European Central Bank welcomed plans to give it the key role in a new European supervisory body, saying it would neither distract it from ensuring price stability nor create a threat to its independence.
In a legal opinion, the ECB welcomed plans for the European Systemic Risk Board (ESRB) -- a new body to be chaired by ECB President Jean-Claude Trichet.
The ESRB is part of the EU plans to make markets safer for investors by applying lessons from the cre
Nov. 4 (Bloomberg) -- Jean-Claude Trichet is struggling to control Germany’s Axel Weber and fellow European Central Bank council members who are flouting communications etiquette as the bank prepares to exit emergency stimulus measures.
Originally posted by ModernAcademia
Seems to me that the pound will make the way of the USD dollar.