Schroeder: ECB monetary policy can be improved

GERMANY - German Chancellor Gerhard Schroeder said Friday that the European Central Bank's monetary policy could be improved.

"The ECB conducts a reasonable policy but that reason has room for improvement," Schroeder said.

The ECB has come recently under increasing political pressure from both euro- zone finance ministers and leaders.

In an earlier draft declaration of European Union leaders Friday, the heads of state and government called on the ECB "to take further decisive action" in light of

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