George Soros slams the ECB

MARKET NEWS

FRANKFURT -- Legendary currency speculator George Soros launched a stinging attack on the European Central Bank (ECB) last week.

In an interview with a German newspaper, the man blamed by some for kick-starting the Asian financial crisis of 1997/98, said one of the main reasons for the euro’s weakness was the ECB’s policy.

"The ECB targets only price stability and does not take into account economic growth," he said. "This is an outmoded view, the ECB is looking back instead of ahead."

The ECB has

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