In break with tradition, Germany's new ECB appointee defends easy policy

FRANKFURT (Reuters) - Germany's new appointee to the European Central Bank's board, Isabel Schnabel, defended the ECB's easy-money policy on Tuesday, saying that the euro zone would be been worse off without it and it was up to others to counter the side effects. Her words marked a departure from German central bankers' long-held scepticism towards the ECB's ultra-aggressive stimulus policy of sub-zero rates and massive bond purchases, which has caused two of her predecessors to resign in recent..