Before announcing their decision - Willem Buiter thinks ECB should cut in October
Thursday, 8 September 2011 | 
European Affairs
Reuters reported earlier today that Citi's chief economist Willem Buiter thinks that the ECB should change its hawkish policy and instead cut the rate in October, as a parting gift from Trichet. ECB should concentrate on bailing out Italy and Spain.
it would fall to the ECB, rather than the EFSF bailout fund, to act as the lender of last resort given funding needs of Italy and Spain that run into the hundreds of billions of euros each year
Read Reuters: http://uk.reuters.com/article/2011/09/08/uk-ecb-rates-citi-idUKTRE7871TT20110908
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