Dear Professor Wambach, Ladies and Gentlemen, Thank you very much for the invitation to speak here at the Center for European Economic Research in the series of events "First-hand economic policy". With the terms economic policy and hand I involuntarily thought of Harry Truman's famous longing for one-handed business consultants. With their typical " on the one hand ... on the other hand " the economists obviously got on the nerves of the former US president. "First-hand economic policy" in your case, of course, has as little to do with " one-handed economists " as with used-car trading, where the phrase ... (full story)