Word: ecb
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Dates: during 2000-2000
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...euro-zone nations arrived for their monthly meeting in a deepening panic. "It is quite evident that we have to address the euro situation," said Luxembourg's Jean-Claude Juncker. "We have to be more creative." But the finance ministers have already signed away all their powers to the ECB. And though speculators' hearts raced Friday after a sorrowful Duisenberg hinted at a euro-buying intervention to goose demand, such moves are usually stopgap measures at best. Long-term, there's not a whole lot Duisenberg can do except wait for Greenspan's rate-hike medicine to take effect...