Their view is that workingpapers are for review by your peers, and only once you have published in a peer-reviewed academic journal should you circulate for a wider public, having gained the endorsement of the profession.
There is almost a refusal to believe that the Euro is inflicting so much damage. 20 years ago I spent a lot of my time in the corridors here working on broadband trials, sketching out papers on 3G for European scientists and imagining what commercial satellites would be used for.