The ECB's Juergen Stark confirms suspicions his sudden resignation announcement in September...

|By:, SA News Editor

The ECB's Juergen Stark confirms suspicions his sudden resignation announcement in September (which sent markets tumbling) was due to his disagreement with the bank's sovereign bond purchase program. "This currency union ... does not allow the monetary funding of sovereign debt by the ECB. Without these rules, there would be no economic and currency union." At least it wasn't "personal reasons."