Merkel defends ECB's independence

German Chancellor Angela Merkel implicitly criticised fellow head of government Nicolas Sarkozy of France when she said at an event to celebrate 50th anniversary of the Bundesbank that her government will block any attempts to exert political influence on the European Central Bank (ECB).

"I will, on behalf of the whole German government, commit myself to its (ECB) independence and stop those which impose their political influence," Merkel said.

The last time that the French president threaten