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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (22743)9/28/2000 8:58:49 PM
From: LLCF  Read Replies (1) of 436258
 
<people should be aware that it is NOT true that the ECB can't possibly defend the Euro on its own. it has over $280 bn. in dollar reserves, and if push comes to shove, the member CB's can supply even more>

Perhaps you could also fill in as to what is left of the Bundesbanks 'savy' in this regard [at the ECB]... it was always held in utmost regard, and if I remember correctly wasn't wrong for long when it stepped in. Didn't they make quite a bit of money over the decades stabilizing currencies??

DAK
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