THE European Central Bank cannot intervene much more aggressively to tackle the eurozone debt crisis, three ECB policymakers from the bloc’s core said yesterday, putting the onus on governments to act instead.

WHEN Germany’s top representative at the European Central Bank quit his posting as member of the ECB Executive Board and as its de facto chief economist, it caused a shudder across world financial markets.

FOR anybody sad enough to surf the economics blogs that have become so popular since the global economic crisis began in 2007, it is very apparent that the world of economics is totally divided on the most appropriate stance to take to turn the crisis around.

THE political response to the Greek debt and social crisis has failed to convince markets that a plausible strategy is in place — or that if one was that it might be enacted.

WHEN does life end?

GERMANY’S representative at the European Central Bank was told to mind his own business by Tánaiste Eamon Gilmore, who reaffirmed the Government’s commitment to the Croke Park agreement.

THIS summer’s volatility across global stock markets continued yesterday, with Thursday’s gains wiped out amid widespread investor nervousness over the European banking sector and whether US President Barack Obama’s $447 billion (€327bn) job creation plan stands up.

GERMAN growth has reached its highest point for 10 years and analysts are predicting it could go even higher than expected next year.

European Central Bank President Jean-Claude Trichet today reemphasised the case for higher interest rates in the Eurozone.