IIF calls for economic policy co-ordination

This article called on the ECB to cut interest rates "by at least 1 percentage point" at its Thursday meeting. The ECB should take a decisive lead, it says, to put the global economy back on track. [The ECB declined to take the advice and left interest rates unchanged at Thursday's meeting.]

First published in the UK edition of the Financial Times, 3 April.

Yesterday's military drive towards Baghdad may have boosted financial markets but it has done nothing to lift the clouds from the world

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