SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ilaine who wrote (97694)4/24/2001 6:45:25 PM
From: Archie Meeties  Read Replies (1) of 436258
 
As I recall, the ECB specifically states that it is free from the influence of governments of the member states (to say nothing of foreign states or equity holders). It's primary objective is "price stability" - there's nothing about artificially keeping employment high or promoting maximum output. Hence the reluctance to cut rates - Euro block inflation is still running higher than the stated goal of 2%. I read a quote from Wim Duisenburg recently - when asked if he's heard commentary from European investors and banks that the ECB is dragging it feet on lowering rates he replied "I hear them, but I don't listen". Imagine what type of action that would cause on the nasdaq if AG said the same!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News