It's Official: Stark Is Gone

Tyler Durden's picture

9 September 2011 - Jürgen Stark resigns from his position

Today, Jürgen Stark, Member of the Executive Board and Governing Council of the European Central Bank (ECB), informed President Jean-Claude Trichet that, for personal reasons, he will resign from his position prior to the end of his term of office on 31 May 2014. Mr Stark will stay on in his current position until a successor is appointed, which, according to the appointment procedure, will be by the end of this year. He has been a Member of the Executive Board and Governing Council since 1 June 2006.

Having been informed by Jürgen Stark of his decision to resign for personal reasons, President Jean-Claude Trichet thanks him wholeheartedly for his outstanding contribution to European unity over many years. Having worked with Jürgen Stark for almost 20 years, he expresses particular gratitude for his exceptional and unwavering dedication as a member of the Executive Board and Governing Council for more than five years.

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Earl of Chiswick's picture

What, no hotel maid?

redpill's picture

The Bloomberg anchors are rambling and trying to figure out what it means, rather amusing to watch.  This one fruitcake is wearing a baby blue dress shirt with a pink tie.  What a vag!

WonderDawg's picture

Stark has his gonads in both hands, no time for a hotel maid. Besides, she might be hiding a pitchfork.

spiral_eyes's picture

Meanwhile, on the other side of the atlantic:

From Paul Krugman:

Before I get to the Obama plan, let me talk about the other important economic speech of the week, which was given by Charles Evans, the president of the Federal Reserve of Chicago. Mr. Evans said, forthrightly, what some of us have been hoping to hear from Fed officials for years now.

As Mr. Evans pointed out, the Fed, both as a matter of law and as a matter of social responsibility, should try to keep both inflation and unemployment low — and while inflation seems likely to stay near or below the Fed’s target of around 2 percent, unemployment remains extremely high.

So how should the Fed be reacting? Mr. Evans: “Imagine that inflation was running at 5 percent against our inflation objective of 2 percent. Is there a doubt that any central banker worth their salt would be reacting strongly to fight this high inflation rate? No, there isn’t any doubt. They would be acting as if their hair was on fire. We should be similarly energized about improving conditions in the labor market.”

Accomodation, bitchez! 

Long-John-Silver's picture

Is he still hoping for an Alien Invasion from Space?

spiral_eyes's picture

Yeh he grew his hair long, started dropping acid and praying to his space brothers on Comet Elenin to come down to earth and resurrect John Maynard Keynes.

Libertarian777's picture

Krugman must LOVE Fukushima. Nuclear meltdown that will continue for 40 years. 40 years of construction workers and cleanup crews bitchez. Each worker can spend maybe 1 hour of their life in the region then have to leave permanently. Or maybe if they stay and die, more people like undertakers will have jobs.

(P.S. not sure why Japan's GDP is down... uhmm..uhhnnn..duhhhh)

Thomas's picture

He's hoping that there is somebody out there who doesn't realize he's a total idiot and menace to society.

Strike Back's picture

This is one asshole I will never forgive.  By the way, wasn't he saying there is "no inflation," and the price increases we are seeing are due to the BRICs consuming more?  Is this his underhanded way of admitting that central bank policy leads to inflation?

Libertarian777's picture

interesting he says that, cos British inflation hit 4% and they aren't doing fuckall about it. so where's the 'hair on fire' economists at the bank of england?

Alpha Monkey's picture

5% is the magic number, righ tnow it's just smoldering in their hair.

tj3's picture

According to the MIT CPI study isn't inflation running at four percent? SoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooIs there a doubt that any central banker worth their salt would be reacting strongly to fight this high inflation rate?

Goldtoothchimp09's picture

inflation is running at 9% depending on how you measure it... deflation policy bitchez!

toady's picture

A guy I worked with wore a bright pink tie with pastel colors all the time.

He said he was secure in his masculinity, but everybody else called him a fag.

I miss the days of the non-PC work environment.

A.W.E.S.O.M.-O 4000's picture

I think just about any Police Department in Texas would still run a non-PC environment. Check it out.

Alpha Monkey's picture

You miss the days of being able to openly demean people and force them to accept it because you're in a different group that has a somewhat protected status because you're not one of them...?

Yeah, I bet you miss slavery too.

Ranger4564's picture

Agreed.   Sad people really.

ihedgemyhedges's picture

He chose a more lucrative career since he knew what was coming.  He bought a printing company..................................

o_rly's picture

Notice how the German Hawks are getting picked off one by one. First it was Axel Weber, now it's Stark.

The Jewish bankers getting their revenge with some blackmail? I wouldn't doubt it.

Earl of Chiswick's picture

Weidmann - some advice since you are still there, stay away from Sofitels.

Oh regional Indian's picture

Is that Orly, only 0_rly? How come? Curious minds, etc!

And that cartoon is priceless. Or should that be shiptoon and bidless?

The titanic comes to mind. So does the hindengerg. (Both sabotaged by the way, just in case you were wondering).

And please, no Junckers, than you vewy much!


Tipping Points 

Vergeltung's picture

you're such a tiresome idiot around here.

Oh regional Indian's picture

Tch tch. What a pathetic asshole, say something constructive douchebag. 

Or is "retaliation" all you know? Are you german? I suggest you get that hot poker out of your ass, it's okay. Smile. It is all your fault, but that is okay too.


madbomber's picture

specifically what do you find tiresome.  ?   
























sullymandias's picture

junked for asking not to be junked

ww2vet's picture

fuck you - we know who, where you are. ready??

bankruptcylawyer's picture

its the jews!!!! the jews did it! 

Minimum Clearance's picture

Actually, it's the secret machinations of the Icelanders.  They've called on Odin, who summoned Loki...a little later, we'll see Thor.

HistorySquared's picture

It's important because it means the Wolfgang Schauble faction will win and Germany will underwrite all of Europe. This will spread the debt grangne to the core as Germay's surplus erodes from a coming slowdown in demand for it's high end machinery and german cars from China. Meanwhile, I'll win the Niederhoffer contest on my call for 5 yr CDS on GER, FRA, ITA  and Chinese debt 2011.   

DefiantSurf's picture

Wow, from rumor to fact in under and hour...must be some serious arguing going on there!

Cognitive Dissonance's picture

Oh to be a fly on the wall watching and listening to the cockroaches at the table.

Darth Silver's picture

all the lies (non truths) must be killing him.

GiantWang's picture

Stark gone?  Who is going to be Iron Man?

spanish inquisition's picture

Someone Don Cheadle like who is less expensive.

Mitzibitzi's picture

Nah, he's War Machine. Oddly appropriate, come to think of it...

CrimsonAvenger's picture

This has got to be my favorite comment of the year. Hilarious and in no way contributes to the discussion. And provided by someone calling himself Giant Wang. Thank you sir.

john39's picture

"in no way contributes to the discussion"  kinda like obummer's "speech" and the republican sock puppet show, er debate

GeneMarchbanks's picture

He seems to want to keep his head attached to the rest of his anatomy. Can you blame him?

What follows is the realization that the ECB can, indeed, print and the Euro does that fiat dance where it gets real... low.

CreditcalMass's picture

First rat in first rat out bitchez.

Zero Govt's picture

Yes but have you noticed the ZH cartoonists technical error? It's supposed to be rats leaving a sinking ship, not alongside dock. The ECB are defo fuking sinking that's for sure

When i suggested TD and his long sentance construction be replaced by a cartoonist (because TD said many of us had attention spans shorter than a Goldfish) i had no idea we'd get such a poor quality cartoonist! OK TD all is forgiven, you can stay mate, at least until we find a good cartoonist 

FeralSerf's picture

Judenrats believe that it's safer to get out before she sinks.  There's precedent.

Atomizer's picture

Jürgen Stark needs to spend more time with his family.

DefiantSurf's picture

Before EU Armageddon?

His family probably has one way tickets to Brazil

o_rly's picture

Germans like to escape to Argentina, not Brazil.