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Article: France 1 Germany 0.(Finance and Economics)(The biggest economies in the euro area are diverging-and it is France that is outpacing Germany)(central banks)
- Article from:
- The Economist (US)
- Article date:
- March 17, 2001
CopyrightCOPYRIGHT 2001 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ONLY one of the world's main central banks has chosen not to cut interest rates this year: the European Central Bank. At its meeting on March 15th, it left interest rates unchanged again, at 4%. That may be the right policy for the euro area as a whole, but it is too high for at least one struggling member-economy-Germany.
Before the euro was launched, economists agonised about whether a single monetary policy would be appropriate for all economies at all times. Specifically, some feared that a common interest rate for the whole euro area might be too high for slowing economies with rising unemployment, and that it might push such countries deeper into recession. ...
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Article: Germany, France and the pact.(EDITORIALS)
The Washington Times;
February 7, 2004 ;
634 words
... ... Byline: THE WASHINGTON TIMES Germany and France have recently upped their hubris ... European finance ministers, led by France and Germany, have told the European Commission ... despite the fiscal missteps of Germany, France and others. For some, this ...
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