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The problem is that its powers and scope are so limited.  What does it do besides set interest rates to target a (sightly) less that 2% inflation rate?  Could the Irish Government have relied on the ECB to secure the Irish banking system?

Vote McCain for war without gain
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Oct 1st, 2008 at 11:10:47 AM EST
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