SUGGESTION TO THE EUROPEAN CENTRAL BANK PRESIDENT JEAN -CLAUDE TRICHET To:      The Right Honorable European Central Bank President From:   Athinarayanan Sanjeevraja RE:      Buying Italian and Spanish Bonds Suggestions: Good morning President. The Financial Times, London reported that ECB decision to start buying Italian and Spanish bonds. I knew that there may be significant threat to stability if the central bank did not act on buying Italian and Spanish bonds. ECB has played it well in both Italy and Greece collateral situation. The ECB can print as many Euro’s as it wants and buy European debt but the result will be high inflation. I knew that ECB one tool, one goal is price stability and thus bank credibility. I think that ECB on the right side. The rule of central banking is stable inflation. ECB is sticking to this even when facing harsh criticisms for people. I won’t recommend raising the interest rates because the idea of interest rates increasing due to inc