Stark resignation marks turbulence at ECB

stark-juergen

Jürgen Stark, a member of the European Central Bank's Executive Board, unexpectedly resigned on Friday, highlighting the growing rift between the European Central Bank (ECB) and German policymakers.

The ECB said Stark had resigned citing "personal reasons" and that he would stay in his position until a successor is appointed, by the end of the year. Stark has been a member of the ECB's rate-setting Governing Council since June 1, 2006 and will step down more than two years before his term as an

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