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ECB Blasted For Handling Of Economy

08-26-2008

People & Companies in the News

The European Central Bank faces greater public criticism for its handling of things in wake of the economic downturn than the Bank of England, the Financial Times reports.

Most of those in the European countries who thought the economy had worsened blamed much of the responsibility on their governments, according to the latest Financial Times/Harris opinion poll.

Most blamed was Berlin, with 74% of Germans saying their government held “complete” or “a lot of” responsibility. London, at 63%, fared slightly better, in spite of the problems faced by Gordon Brown, U.K. prime minister. But in Spain, which like the U.K. has been hit by a serious housing market correction, the figure was only 53%.

For the complete story, click here.

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