All this clearly goes far beyond the issue of price stability, which is the limit of the Bank's legal responsibility.

ECONOMIST: Japan��s economic policy

As early as 2001 it became the first country to breach the 3%-of-GDP borrowing limit set by the European stability and growth pact.

ECONOMIST: Chronically weak growth is Portugal��s gravest problem

Powerful institutions such as the Bundesbank, the trusted guardian of economic stability, and the constitutional court, which has said Germany is close to the limit of how much power can be surrendered to the EU, do much to set the boundaries of the euro debate.

ECONOMIST: The euro crisis

In theory, a discretionary central bank could limit the quantity of money and achieve long-run price stability by controlling the growth of nominal final demand.

FORBES: The Federal Reserve's Flawed Approach To Monetary Policy

He believes that the central bank's new credit guidelines, which include a limit on property lending to one-fifth of outstanding loans, would bring stability in the long run.

CNN: K.L.'s Bargain Banks

It needs to make savings as early as next year if it is to carry out its promised tax cuts of euro3 billion without breaking the deficit limit decreed by the euro zone's stability and growth pact.

ECONOMIST: Austria's government