SUGGESTION TO THE EUROPEAN CENTRAL BANK PRESIDENT MR. TRICHET To:                         The Honorable European Central Bank President From:                      Athinarayanan Sanjeevraja RE:                         Interest Rate Hike Suggestions: Good Morning President. Financial Times, London reported that ECB like to hike the interest rate. The EU’s EMU has a number of big problems. The disparity of practice amongst mortgage lenders leading to radical differences in the effects of the ECB’s rate decision in different countries shows how premature EMU. Mr. President, without true economic union, monetary union causes further inequalities as monetary policy set for the rich countries like Germany and France harming the interest of poor countries like PIGS. Mr. President, the effect of very high oil prices is not easily countered in the short term. In my opinion, increasing interest rates simply adds fuel to the fire. By increasing the interest rate, E

SUGGESTION TO THE AMERICAN PRESIDENT OBAMA To:                The Right Honorable President Obama From;             Athinarayanan Sanjeevraja RE:                US Unemployment Issue Suggestions: Good Morning Mr. President. I have a high hope for you but you have been a disappointment to me because you have failed to make the case for more stimuli now until the lost jobs are recovered. As you knew that US economy is based on consumer spending. If you want to get back your economy on track you have to address the problem of 9.1% unemployment. US have 9.1% unemployment and unemployment payouts are not good stimulus. I would recommend you to not to implement deficit reduction measures until the lost jobs are recovered. You have recovered over two million jobs in the last 15 months. You are still short 7 million jobs when you take into account the decline in government jobs at the state and local level. I think you need to continue more stimuli something for which