independence

New IMF chief Christine Lagarde's call to recapitalize European banks by force struck a nerve among the continent's Europe's policymakers and showed she is not afraid to challenge her former peers as many feared she might be. more...

"The European Central Bank has limitless ability to create money. The question is whether that's going to be backed by the politicians who actually put it in place," Nick Parsons, head of strategy at National Australia Bank told CNBC. "The (ECB's) independence itself comes by virtue of the...