Juergen Stark's departure from the ECB's Executive Board in despair at the policy of buying government bonds to prevent the crisis spreading comes as policymakers in Berlin and beyond are preparing for the growing possibility of a Greek default.

Juergen Stark has given Resignation from the European Central Bank’s executive board as he opposed to the ECB purchasing bonds from debt-laden countries.The ECB is the one institution that has kept the euro zone afloat in the sovereign debt crisis and prevented a bond market meltdown. Juergen Stark's departure from the ECB's Executive Board in despair at the policy of buying government bonds to prevent the crisis spreading comes as policymakers in Berlin and are preparing for the growing possibility of a Greek default.

Tata Motors Chief Executive Officer Carl-Peter Forster has resigned

Tata Motors Chief Executive Officer Carl-Peter Forster has resigned  only 18 months after joining the company.Forster quit due to unavoidable personal circumstances, but will remain a non-executive member of the Tata Motors board. Forster joined Tata after heading General Motors in Europe on February 2010 , with his focus firmly on turning around the loss-making Jaguar-Land Rover unit, which Tata bought from Ford Motor Co in 2008. Forster succeeded in turning around the luxury unit, but sales of the Nano have been disappointing.