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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (5512)2/6/2002 5:01:35 PM
From: Henry Volquardsen  Read Replies (1) of 33421
 
You are correct. Germany's longstanding infaltion phobic hard currency posture left the scene with the Bundesbank. There has been discussion that the Club Med coalition pushed hard for monetary union in order to get a European Central Bank that could free them from the Bundesbank's Monetary straight jacket. What hasn't been as widely discussed but had been obvious all along was that German politicians wanted out of the straight jacket as well. They've got their wish although they still give the old ways lip service for domestic political consumption. But this trend has been very clear for a few years.
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