Bank of England is model for 'new' ECB

FRANCE - The path towards Britain's possible entry into the euro will be made much easier by a radical French plan for the European Central Bank to be reformed in the image of the Bank of England.

French Prime Minister Jean Pierre Raffarin's Council of Economic Advisers recommends that the ECB adopts three major reforms to its monetary policy arrangements, The Observer newspaper reported. If adopted, they would allay most of Gordon Brown's concerns about the institutional structure of the

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