Jim Devine quotes the New York Times,

>But Lafontaine contributed to the slide by raising doubts about the
>independence of the new European Central Bank and perhaps even backing
>it into an overly rigid policy just to prove its independence. 

The Wall Street Journal noted that with Lafontaine gone the European Central
Bank was now more likely to lower interest rates. Political extortion.

regards,

Tom Walker
http://www.vcn.bc.ca/timework/covenant.htm




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