ECB Chief Economist Quits Jürgen Stark's Resignation Is Setback for Merkel

The chief economist of the European Central Bank, Jürgen Stark, resigned on Friday, apparently over his opposition to the ECB's bond-buying program. The loss is embarrassing for Chancellor Angela Merkel, coming just months after the resignation of Axel Weber as Bundesbank president.
THE ECB's chief economist Jürgen Stark resigned on Friday.

THE ECB's chief economist Jürgen Stark resigned on Friday.

TYRONE SIU/ REUTERS
Translated from the German by Christopher Sultan
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