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To: Haim R. Branisteanu who wrote (35089)	5/23/2008 7:31:28 AM
From: elmatador	Read Replies (1) \| Respond to of 217752

Haim don;t they need to also work on the fiscal policy? Goverment need to lower their cut from the productive economy.

To: Haim R. Branisteanu who wrote (35089)	5/23/2008 8:03:42 AM
From: RJA_	Read Replies (2) \| Respond to of 217752

>>That is why the ECB must lower rates as the high price of commodities are not from local consumption and a fall in consumption due to slower economic activity in the EU will not relieve the situation Haim -- I do not see how lowering rates will lower resource prices or relieve the situation... in my view it will only add to inflation. This apparently is also the view of the ECB. Perhaps you could explain your logic, as the above post does not seem to do it. Good morning and happy Friday!