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Europe Daily Bulletin No. 10236

15 October 2010
Contents Publication in full By article 11 / 31
GENERAL NEWS / (eu) eu/ecb/crisis
Bini Smaghi stresses danger of pipe-dreams and giving up

Brussels, 14/10/2010 (Agence Europe) - Lorenzo Bin Smash, who is on the European Central Bank's governing council, warns against the 'pipedream' of believing that traditional policies alone can restore economic growth. He also warns of the dangers of 'giving up' and resigning oneself to stagnation if structural problems are not dealt with. At a conference at the Aspen Institute in Rome on 14 October, Bin Smash is reported by AFP and ANSA as saying that the first danger is the pipe dream that...

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