Brussels, 14/01/2009 (Agence Europe) - On the eve of the European Central Bank (ECB) meeting on Thursday 15 January, Deputy Secretary General of the European Trade Union Confederation (ETUC) Reiner Hoffmann stated that the only sensible decision the ECB could make consists of continuing the policy of interest rates cuts and reducing them to a bare minimum. Hoffmann declared that “it is extremely dangerous to put forward the argument that interest rates cannot be cut because it would be difficult to increase them in the future at a time when the economy is facing the worst recession in many decades. The European economy should not be sacrificed because the ECB's internal decision procedure of unanimity consensus is malfunctioning”. (G.B./transl.rh)