Questioned about the ECB exceeding its bounds, and threatening its independence, by asking sovereign states to adhere to deficit and fiscal targets, the ECB chief explained that large parts of the Eurozone are generating adverse, self-fulfilling expectations given past policy mistakes.

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The chief executive explained the board felt Magilton had failed to deliver this season despite significant funding from Evans.

BBC: Magilton sacked as Ipswich boss

Apple Chief Steve Jobs explained why Thursday in an essay posted to the Cupertino, Calif.

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