Word: leuschel
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...that most foreign aid does little to enrich the life of the average African. Debt relief is a noble idea, but until Africa can rid itself of corrupt autocrats, it will probably be just another way for those leaders to beef up their fat Swiss bank accounts. MOLLY LEUSCHEL St. Albans...
...Volcker's approach, however, finance men and bankers now saw not just another quick fix but a direct assault on inflation itself. Said West German Finance Minister Hans Matthöfer: "The package goes straight to the heart of the problem." Brussels Banker Roland Leuschel expressed a conviction shared by almost all European moneymen: "Throttling back on the money supply itself will be much more effective than raising interest rates in the fight against inflation. Paul Volcker is attacking inflation at its source...
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