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The World from Berlin 'Politicans Have Rolled Right over Europe's Central Bankers'

The European Central Bank announced its decision Monday to accept junk bonds from Greece as collateral for massive EU aid. German commentators on Tuesday lambast the bank for abandoning its principles and bending to political pressure.
European Central Bank President Jean-Claude Trichet hopes a new policy on Greek bonds will help stabilize the euro.

European Central Bank President Jean-Claude Trichet hopes a new policy on Greek bonds will help stabilize the euro.

REUTERS
-- Josh Ward