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According to its charter, the European Central Bank is independent. Its primary function is to help keep inflation under control. But critics are accusing its president Jean-Claude Trichet of making the ECB a pawn of financial policy-makers. The ECB was meant to be a rock of stability in stormy economic seas, but is it a castle built on sand? <br />Wolfgang Bernert.
According to its charter, the European Central Bank is independent. Its primary function is to help keep inflation under control. But critics are accusing its president Jean-Claude Trichet of making the ECB a pawn of financial policy-makers. The ECB was meant to be a rock of stability in stormy economic seas, but is it a castle built on sand? <br />Wolfgang Bernert.