Via Top German quits ECB over bond-buying row | Reuters, an astonishing story:

The ECB confirmed Executive Board Member Juergen Stark, the central bank’s chief economist, would leave “for personal reasons” by the end of the year once a replacement was found, after Reuters reported exclusively that he had quit.

While Stark gave no public explanation for his resignation, he sent an article to German financial daily Handelsblatt for publication next Monday in which he said the only solution to the debt crisis was for governments to cut spending.

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