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Markets to European Central Bank: Get Germany on Board | by Dhara Ranasinghe
CNBC writes: As the European Central Bank (ECB) mulls steps to end the euro zone debt crisis, analysts say what’s really key is that Germany fully supports the measures – otherwise the ECB’s credibility is likely to take a hit, sending markets back into a tailspin. “The problem is that once they (the ECB) make any kind of commitment they have got to follow through, otherwise their credibility as an institution is at risk and a loss of that credibility would be far more damaging than anything we’ve seen so far in terms of their ability to contain the crisis,” Chandan said.
Read the full story at the CNBC website.