WELCOME BACK TO THE '30s:

Will Europe's rates rise? (Katrin Bennhold and Liz Alderman, February 15, 2005, International Herald Tribune)

Christian Noyer, a member of the European Central Bank's governing council and its former vice president, signaled on Monday that a combination of reviving economic growth and persistently high oil prices could set the stage for a rise in interest rates further down the road.

They haven't done enough damage to their own economies?

Posted by Orrin Judd at February 15, 2005 6:09 AM