Tag Archives: Exclusive: Schäuble Intimates ‘Briefed Holger Steltzner On ECB Cover-Up’ – Sources

John Ward – Exclusive: Schäuble Intimates ‘Briefed Holger Steltzner On ECB Cover-Up’ – Sources – 13 March 2013

happywolfieYesterday’s sensational revelation in the FAZ about ECB leger de main probably came from a very high source

Wolfgang Schäuble, seen here in light-hearted mood

Mario ‘Squirrel’ Draghi has been at it again, and the right wingers in Germany are on his case. The ultra-conservative economics editor of Frankfurter Allgemeine  Zeitung Holger Steltzner has run a piece fingering the ECB, accusing it of holding back the EU’s annual wealth distribution data, and suggesting the central bank is ‘obviously’ afraid of a protest in the creditor countries involved in the decision about an aid programme for Cyprus. The reason, says Steltzner, is that the data show how the poorer countries are, in reality, bailing out the richer countries. Herr Stelzner is being a little economical with his information…and the story’s provenance begs some fascinating questions. The Slog deconstructs the spin. Continue reading