By GEOFFREY T. SMITH

Two things stand out from the European Central Bank's decision effectively to pre-announce a rise in interest rates next month. First is its eagerness to polish up its inflation-fighting credentials after being slurred by Axel Weber and much of the German press and political elite; second is its confidence in the ability of its "non-standard" measures to stop a breakdown of the financial system.

Both may be justified, but the bank's motives may not be of the purest.

Lenta.ru: Комментарии: http://lenta.ru/articles/2011/03/04/dipeff/
05.03.2011, суббота, 06:47:40

Муаммар Каддафи и Уго Чавес. Фото ©AFP

Пока на востоке Ливии продолжаются стычки оппозиционеров с правительственными силами, в мире начались поиски выхода из кризиса. Первым эту неблаго ... Читать дальше »