The European Central Bank must consider itself lucky. In recent weeks, most of the central bank's spotlight – and controversy – has fallen on the Federal Reserve. The ECB basically flies under the market radar, even though Europe faces a much more difficult economic outlook. But this week's meeting of the ECB Governing Council will reignite interest in the challenge of intensifying bank policies because it also faces upcoming leadership changes.
Because it must respond to the pressure of acute foreign debt in several member countries (including Greece, Italy, Portugal and Spain), the ECB starts slower than the Fed in …Full story)