German Finance Minister Oskar Lafontaine launched another attack on the European Central Bank…

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Series Details 04/03/99, Volume 5, Number 09
Publication Date 04/03/1999
Content Type

Date: 04/03/1999

...at the annual congress of the Party of European Socialists in Milan this week. “In 1992, when the US was heading for recession, they cut their real interest rates to zero and went for a budget of 4.4&percent; of GDP, which allowed them to get out of recession,” he said in an unscheduled address. Earlier, UK Prime Minister Tony Blair had told the congress that the European left had a lot to learn from American free enterprise culture.

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