ECB big time pathetic cut ratecut in quarter points

If you have headaches do you take a tenth of an Aspirin or rather all of it - well the ECB things going small portions is smart??? - just think for yourself its rather stupid and even more so dangerous as too late might be lethal. Finally the problem is still that the banks do not pass lower interest rates through to consumers and also the ECB should give financing only for proven loan facilities increasing which they do not. Trichet is also a trained Rothschild member as he was before he became a central banker in the G30 which is a Rockefeller sponsored think tank and Rockefeller is as D. Rockefeller claimed himself one of the driving forces for a 'NEW World Order' . (List of current members at the end - not surprising T. Geithner as a member)

ECB Cuts Rates Less Than Forecast, Delays New Tools

By Simone Meier and Gabi Thesing

April 2 (Bloomberg) -- The European Central Bank cut interest rates less than economists forecast and deferred a decision on what other tools it can use to rescue its ailing economy, suggesting a split on the bank’s Governing Council.

The Frankfurt-based ECB lowered its benchmark rate by a quarter-point to 1.25 percent, less than the half-point reduction expected by 49 of 55 economists in a Bloomberg survey. President Jean-Claude Trichet indicated the bank may lower the rate further next month, when he said it will also decide on any new “non-standard measures.”

“There was almost certainly a split,” said Nick Kounis, chief European economist at Fortis Bank in Amsterdam and a former U.K. Treasury official. “They can’t decide on what to do next so they’re buying time.”

The ECB is lagging counterparts such as the U.S. Federal Reserve, the Bank of England and the Bank of Japan, which have cut their key rates to almost zero and are pumping money into their economies by buying government and company securities. While Vice President Lucas Papademos has said the ECB could purchase corporate debt, council members Juergen Stark and Axel Weber have signaled they’re opposed to such a move.

The List ( all under the Rockefeller / Rothschild influence) actually the closest economic advisors of Obama

The current members of the Group of Thirty are:

• Paul Volcker - Chairman of the Board of Trustees; former Chairman of the Federal Reserve
• Jacob A. Frenkel - Chairman; Vice Chairman, American International Group
• Geoffrey L. Bell - Executive Secretary; President Geoffrey Bell and Company
• Leszek Balcerowicz - Former President, National Bank of Poland
• Jaime Caruana - Counselor and Director, MCM Department, International Monetary Fund
• Roger W. Ferguson, Jr. - Chief Executive, TIAA-CREF
• Stanley Fischer - Governor, Bank of Israel
• Mervyn Allister King - Governor of the Bank of England
• Guillermo Ortiz Martinez - Governor, Banco de México
• Jean-Claude Trichet - President, European Central Bank
• Tommaso Padoa-Schioppa - Minister of Economy and Finance, Italy
• Zhou Xiaochuan - Governor, People's Bank of China
• Yutaka Yamaguchi - Former Deputy Governor, Bank of Japan
• E. Gerald Corrigan - Managing Director, Goldman Sachs, former President of the Federal Reserve Bank of New York
• Andrew Crockett - President, JP Morgan Chase
• Sir David Walker - Senior Advisor Morgan Stanley
• Guillermo de la Dehesa - Director and Member of the Executive Committee, Grupo Santander
• Arminio Fraga Neto - Partner, Gávea Investimentos; former President of the Central Bank of Brazil
• Domingo Cavallo - Chairman and CEO, DFC Associates, LLC
• Martin Feldstein - President, National Bureau of Economic Research
• Paul Krugman - Professor of Economics, Woodrow Wilson School, Princeton University
• Lawrence Summers - Charles W. Eliot University Professor, Harvard University
• Ernesto Zedillo, Director, Yale Center for the Study of Globalization, Yale University, and former President of Mexico
• Gerd Häusler - Vice-Chairman Lazard International
• Abdulatif Al-Hamad - Chairman, Arab Fund for Economic and Social Development
• Montek Singh Ahluwalia - Deputy Chairman, Planning Commission, India
• Mario Draghi - Governor, Bank of Italy
• Philipp Hildebrand, Vice-Chairman, Swiss National Bank
• Kenneth Rogoff, Professor,Harvard University
• Tharman Shanmugaratnam, Minister of Finance, Singapore
• Tim Geithner, Current United States Secretary of the Treasury