THE president of the European Central Bank, Wim Duisenberg, is a buffoon. Do not take my word for it. The head of currency research at Goldman Sachs in London, Jim O’Neil, says the man is “stunningly incompetent”.

THE president of the European Central Bank, Wim Duisenberg, is a buffoon. Do not take my word for it. The head of currency research at Goldman Sachs in London, Jim O’Neil, says the man is “stunningly incompetent”.