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European Central Bank will not change monetary policy to suit Spain

Article Date : Monday, July 21, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Jean Claude Trichet, governor of The European Central Bank (ECB), has ruled out changing the bank’s monetary policy to suit economies with property bubbles, like Spain and Ireland, that are wobbling under the effect of rising interest rates. In a recent interview, Trichet said that the ECB has to look after the whole Euro zone economy...


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