German chancellor says central banks have made economy worse
(NEWSER) - World leaders rarely criticize central banks in public, but yesterday Angela Merkel laid into the Fed, the European Central Bank, and other institutions for deepening the global economic crisis. In a tough speech, the German chancellor claimed that the banks were too powerful, had acted too aggressively, and, in the case of the relatively prudent ECB, had "bowed somewhat to international pressure." Their actions "must be reversed," Merkel said. More»
