Trichet insists ECB is 'fiercely and totally independent'

10th May 2010, Comments 0 comments

ECB chief Jean-Claude Trichet insisted Monday that the bank was "fiercely" independent and that it was not bowing to political pressure in buying public debt as part of an EU bailout.

"We are fiercely and totally independent. This decision is the decision of the governing council and not the result of any kind of pressure of any sort," said Trichet, who confirmed that the purchase had begun "this morning."

© 2010 AFP

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