Brussels, 06/12/2002 (Agence Europe) - The European Trade Union Confederation (ETUC) welcomed the decision of the European Central Bank to cut its base interest rates and indicated that the ECB now had to monitor the economic situation very closely and see if another cut was possible if the economic situation continued to worsen. According to the ETUC, rates of 2.5% are still relatively high (in the USA they are 1.25%). The ETUC adds that "action by the EU monetary authority must currently...