ECB won't discuss freeing up for ex reserves

GERMANY - Central bank reserves of foreign currency which have been seen as one answer to the Government's public finance problems are not up for discussion, the European Central Bank said Friday.

Some economists say the twelve central banks which make up the ECB system do not need the same level of reserves as they did when they managed separate currencies. If reserves were reduced, they could release several billion euro for the Irish Exchequer, and several hundred billion for other cash-str