Top official resigns from European Central Bank
http://dervishcom.blogspot.com/2011/09/top-official-resigns-from-european.html
LONDON — A top board member of the European Central Bank unexpectedly resigned on Friday in what analysts saw as further evidence of the deep divisions over how to resolve Europe's growing debt crisis.
The move immediately rattled European markets and the euro, which slipped to a six-month low against the dollar. The European Stoxx and German DAX indexes tumbled 3.5 percent.
U.S. markets opened down on Friday, reflecting concerns about instability at the ECB and about President Obama's speech Thursday night in which he laid out a plan for job creation. The Dow Industrial Average slid more than 2 percent in early morning trading; the Standard and Poor's dropped 1.5 percent; and the tech-heavy Nasdaq index was down 2 percent.
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Source: http://feeds.washingtonpost.com/click.phdo?i=7c17c547c278af9bcf3fc982f969a53d
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