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To: Box-By-The-Riviera™ who wrote (92818)4/11/2001 12:29:31 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
they have ignored all calls coming from politicians. as Duisentwit correctly remarked, 'monetary policy can not change an economy's growth potential'. what is needed in Europe is NOT a lax monetary policy, but a commitment to structural economic reform. however, Europe's bureaucratic and political elite is inept and wasteful, and that's a charitable assessment.
the ECB stands out as the lone truly responsible European institution.