The reason I’m showing it to you is because it illustrates how money has changed  BIS central bankers’ speeches  1  throughout history. At one time, playing cards served as money, as well as cowrie shells, cocoa beans, gold and, eventually, bank notes and coins. None of these objects, except for the gold and cocoa beans, has any meaningful inherent value.
The early announcement of the interest rate level for the launch of the euro may help stabilise expectations in the financial markets. But of course, the rate cut cannot solve the severe structural problems in most of the euro countries. This is particularly true of the structural problems on the labour markets.