■"Putin Backs Ukrainian Leader, Dismissing Call for New Runoff," by Steven Lee Myers, New York Times, 3 December 2004, p. A1.
■"ECB Leaves Rates Steady, Considers Increase in Future," by G. Thomas Sims, Wall Street Journal, 3 December 2004, p. A12.
Speaking too soon yesterday on both stories, apparently.
In Ukraine, Russia-leaning President Leonid Kuchma apparently got called on the tarmac—in Moscow, that is—to hear Vladimir Putin's displeasure on the deal-in-the-offing for a second runoff election.
Now Kuchma's got his orders straight: any talk of a second election is ridiculous!
Ahem. What President Kuchma meant to say was . . ..
In second story, talk of ECB making a bold entry into global currency markets to foster a correction on the dollar has been . . . postponed for the time being. Although in a very Greenspanian move, the ECB spoke about considering such a move regarding an outlook for inflation in the Euro zone that "remains worrisome."
Oooooh! The typical bold talk from central bankers.
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