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Mr Trichet defended the ECB's "fierce independence" in a telephone conversation with German Chancellor Angela Merkel (Photo: The Council of the European Union)

ECB defends independence after Merkel attack

The European Central Bank defended its independence on Thursday (4 June) as doubts grow over how long current Eurogroup chairman Jean-Claude Juncker will remain in the post.

Speaking after a two-day meeting of the ECB's governing board, the bank's president, Jean-Claude Trichet, revealed he had held a telephone conversation with German Chancellor Angela Merkel on Wednesday as a result of criticisms she made earlier in the week of current central bank policies.

Mr Trichet said h...

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Mr Trichet defended the ECB's "fierce independence" in a telephone conversation with German Chancellor Angela Merkel (Photo: The Council of the European Union)

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