ECB hawk Stark resigning for ‘personal reasons’, raising uncertainty about bank leadership

FRANKFURT, Germany — The European Central Bank says that top official Juergen Stark is resigning well before the end of his term, removing a key voice for tougher rate policy and raising questions about the bank's course during Europe's debt crisis.

The ECB said Friday that, Stark, 63, is leaving "for personal reasons" almost three years before the end of his eight-year term.

European stock markets and the euro fell sharply amid uncertainty over leadership at the eurozone's top monetary authority.

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Jerry Markon 09 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=b7b35456ea7676eadab45d45f25bf43b
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