January 25th, 2011 16:53:48 GMT

More from Honohan; now on monetary policy

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Unsurprised that market expectations for ECB interest rates are on the move Does not expect abrupt moves to monetary policy; inflation expectations well anchored Quite possible ECB leaves emergency funding lines in place after rates start to rise Interview here….

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January 19th, 2011 20:03:39 GMT

Stark: Euro bond not the answer

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A Euro area bond will not solve Europe’s problems; rate subsidy for some, penalty for other countries Buying of government bonds only justified in extraordinary circumstances Doesn’t know how long those circumstances will last Bond purchases must remain temporary

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January 19th, 2011 18:28:26 GMT

ECB’s Stark: Casino still open

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No sign of required change in banker behavior, says central banker Stark. The casino is still open, he says. Stark also says that interest rates left too low for too long can lead to disincentives. The sovereign debt crisis has … Continue reading

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