We’re not listening

Headline: We’re not listeningSource: EuromoneyDate: May 2001Author: Anja Helk Wim Duisenberg It’s been another bad month for the European Central Bank, with everyone telling it what to do. Horst Köhler of the IMF said the ECB would have to cut rates to prevent the US recession from spreading. US finance minister […]

Headline: We’re not listening
Source: Euromoney
Date: May 2001
Author: Anja Helk







Wim Duisenberg

It’s been another bad month for the European Central Bank, with everyone telling it what to do. Horst Köhler of the IMF said the ECB would have to cut rates to prevent the US recession from spreading. US finance minister Paul O’Neill agreed, and at a meeting in Malmö in Sweden, so did European finance ministers.

ECB president Wim Duisenberg replied saying he “heard, but didn’t listen” to those demands.

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We’re not listening

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