ECB's Papademos on European monetary policy

In a speech 'Challenges for monetary policy in Europe' given on 13 November, Lucas Papademos of the ECB quoted from the American writer Joshua J. Marine: "Challenges are what makes life interesting; overcoming them is what makes life meaningful." In this sense, Papademos said, I see both a very "interesting" and "meaningful" time ahead of us, for the ECB and economic policy makers in the European Union.

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