The President of the European Central Bank, Christine Lagarde, has repeatedly pointed out in recent weeks that the eurozone functions independently of the US in terms of monetary policy. Of course, the emphasis with which Lagarde put forward her apparent independence is treacherous. She herself had already pointed out that the eurozone lost 250 billion euros in investment funds abroad last year, primarily to America in the course of Germany's industrialization. The mainstream press is now calling for a double rate cut: both the US and the eurozone must lower their interest rates so that the ailing banks and the ailing economy in the eurozone can get better credit conditions the road through. This recession is rocky and the ECB cannot go it alone!