ECB Holds Hawkish Tone Despite Financial Turmoil.Summary: ECB's Nowotny has added to official responses to the "Wall St Crisis" stating on Austrian radio, and reported by Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. , that the ECB See electronic code book. has special mandate... ECB's Nowotny has added to official responses to the "Wall St Crisis" stating on Austrian radio, and reported by Reuters, that the ECB has special mandate to ensure price stability, and that the continental European financial system is different to the U.S. financial system. He also adds that the ECB has reacted well in response to recent developments. The summation summation n. the final argument of an attorney at the close of a trial in which he/she attempts to convince the judge and/or jury of the virtues of the client's case. (See: closing argument) of his comments indicates that European officials remain disinclined dis·in·clined adj. Unwilling or reluctant: They were usually disinclined to socialize. disinclined Adjective unwilling or reluctant to cut rates in response to the current liquidity crisis. 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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