ECB: Governments must end doubts

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.

The ECB is under pressure from world leaders to do more to address the crisis, which has engulfed Italy and been exacerbated by the prospect of a political vacuum after Italian Prime Minister Silvio Berlusconi’s impending departure.

Dutch central bank president Klaas Knot, a member of the ECB’s policymaking governing council, led fresh ECB resistance.