Tuesday, November 29, 2011

International Bribery Scandal Invades the ECB

By Wolf Richter www.testosteronepit.com The bribery scandal came at the worst possible moment for the European Central Bank. Already it’s struggling on a daily basis with the ballooning debt crisis in the Eurozone. And it’s trying to defend its independence against an onslaught of demands to print unlimited amounts of euros and buy the crappy sovereign bonds of the Eurozone's weaker members. But now, Ewald Nowotny, member of its Governing Council, is up to his neck in hot

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