Banca Centrală Europeană a mărit rata dobânzii exact în iulie anul trecut, în plin declin al pieţelor şi pe fondul reducerii substanţiale a ratelor dobânzii în restul lumii.
It was last July when the European Central Bank put interest rates up, just at the very moment that the markets were going into meltdown and rates were being slashed across the rest of the world.