dependent on cheap money? the truth of the matter is that interest rates can never go that much higher than they are today without causing a very severe recession, so there will be a lot of pressure against this happening, so the way our economy works today is very much like a drug addict, so if we take the drug away, it will be a bad, bad withdrawal, so i just think they will keep giving the economy drugs, maybe for ever. �* , ., ~ ., for ever. let's talk through what i for ever. let's talk through what i had. _ the european central bank makes its latest policy decision today. james watson is chief economist at business europe — an organisation representing companies of all sizes in 35 european countries. your thoughts on what is ahead?