It seems as though they are taking a new line now. There's now a concerted shift away from using interest rates as a mechanism. |
It's clear the upward trend in German orders is still extremely strong. It's still based on foreign demand, but over time that's likely to spill over into domestic demand. |
Most of the inflation in Europe is imported. But it's still early days to tell whether [the intervention] will be successful or not. |
The prospects for a German recovery are the most positive they've been for a long time. Companies are really getting their act together. |