Following is a letter sent to the Editor of the Financial Times:
Sir,
Make no mistake, the spat between Jean-Claude Juncker, President of the eurozone countries, their Mr. Euro, and Jean-Claude Trichet is not "childish" as you report ("Juncker willing to serve on with better ECB links"), it is crucial to the independence of the ECB.
Mr. Tricket is correct when he says that he has sufficient meetings, and does not need any more, to know the views of Finance Ministers. Even those of us that don't have any meetings with Finance Ministers know what they want. Easier credit.
Their idea is, with easier credit, then they won't need to worry about their deficits. They are wrong!
Countries should get on with their own responsibilities, get their accounts in order and leave the ECB to do its job, with independence.
If they did that, we would see a lot less of the Jean-Claude's in the press, which will suit one but not the other. I will let you work out which is which.
Onésimo Alvarez-Moro
See article:
Jean-Claude Juncker, Luxembourg's prime minister, says he is ready to serve another term as political head of the 12-country eurozone - but only if he can build a better working relationship with the European Central Bank.
Mr Juncker says he has the backing of Germany and several other countries to continue as president of what is called the eurogroup after his two-year term expires at the end of the year.
But the Luxembourger has become irritated by the refusal of Jean-Claude Trichet, the ECB president, to pay more attention to the views of politicians running the eurozone economies.
"My decision to continue for another two years depends on several points which must be clarified and on which I insist, notably the role of the eurogroup in relation to the ECB," he told the Luxembourg newspaper La Voix.
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