Hamalainen on how the ECB manages the euro

SPEECH - In the speech 'How the European Central Bank manages the euro and what is in store for 2003' Sirkka Hamalainen of the European Central Bank expressed concern over the widely-held perception that monetary policy can solve very different stability and growth problems: complex moral hazard problems are easily triggered by these kinds of unwarranted expectation, she said, not only among consumers, investors and bankers, but also among political decision-makers responsible for resource

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