US, Europe need not follow same policies-Issing

EUROPE - European Central Bank board member Otmar Issing said on Apr 23 globalization did not mean the United States and Europe needed to follow the same policies.

Speaking to reporters after a speech on the globalization of financial markets at the National Bank of Belgium, Issing commented on U.S. Treasury Secretary Paul O'Neill's assertion last week that policymakers when trying to fight a global economic slowdown were "all in this together."

Asked if that meant both sides of the Atlantic

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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