European Bank Resists Rush to Print Money - NYTimes.com - 0 views
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Oluwamuyiwa Abolarin on 29 Nov 09This article shows that the European bank seems to follow a demand-side policy on dealing with the economic situation. They are lowering interest rates so that the demand to borrow will rise and therefore, the revenue will rise and we'll find a way out of this recession. They are attempting expansionary policies of their own to increase demand. Their main issue is that they might be losing their consumers to other markets because of the issues concerning the exchange rate.

