US is wrong to browbeat the ECB into cutting rates

GERMANY - America is wrong to try to browbeat the European Central Bank into cutting interest rates "I hear but I do not listen," remains the response of Wim Duisenberg, president of the European Central Bank, to the clamour for lower interest rates.

ARTICLE - From its birth the ECB has been a popular butt of criticism. First it was accused of lacking transparency; now it is blamed for not pulling its full weight in the world economy. The ECB is the only big central bank that has not cut inte