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Pastimes : ClownBuck Deathwatch
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To: per strandberg who wrote (9)8/21/2000 12:02:23 AM
From: patron_anejo_por_favor  Read Replies (1) of 329
 
<<ECB has to respond to the rising inflation figures in Europe. Basically, I think they are happy to devaluate the Euro to protect the trade balance>>

I think they HAVE been happy to devalue the Euro, but they've reached the limit. Any further devaluation would threaten the Euro as a viable currency. Moreover, the logical solution to rising inflation is to raise rates, but this solution has been resisted thus far. And so we watch...
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