Bloomberg News

Merkel Says ECB Is Independent, Declines Comment on Bond-Buying

October 27, 2011

Oct. 27 (Bloomberg) -- German Chancellor Angela Merkel said that the Euuropean Central Bank is an independent body, declining to comment on the central bank’s continued bond-buying program.

“The ECB is an independent institution” that has always encouraged European Union leaders to take up responsibility in fiscal policy, while the ECB handles monetary policy, Merkel told reporters in Berlin today. The enhancement of the rescue fund to allow bond-buying will make this “division of labor” better, she said.

To contact the reporter on this story: Patrick Donahue in Berlin at pdonahue1@bloomberg.net

To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net


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