Photo Gallery: Axel Weber's Lonely Fight Against ECB Policy
Foto: ddp
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Photo Gallery: Axel Weber's Lonely Fight Against ECB Policy

Row Over ECB Handling of Euro Crisis The Lonely Fight of Monetary Dogmatist Axel Weber

The head of the German central bank, Axel Weber, is openly critical of the way the European Central Bank has handled the euro's debt woes. He is fighting to uphold purist monetary principles that are untenable in the current crisis. His chances of succeeding Jean-Claude Trichet as ECB chief are waning as a result.