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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (26081)	3/21/2005 10:41:26 AM
From: yard_man	Read Replies (1) \| Respond to of 116555

PR to keep the euro down?? <g>

To: mishedlo who wrote (26081)	3/21/2005 5:18:31 PM
From: rich evans	Read Replies (1) \| Respond to of 116555

Mish, Looks like they will have as much excuses to print money as they want now This statement may be incorrect. The countries can borrow money like Argentina did. But the ECB I believe is in charge of the money supply. In effect the EU nations have something akin to a currency board where the money supply is tied to the ECB decisions but the fiscal/debt policies are tied to each countries government. This could lead to a bad situation in my opinion if deficits of each country get too large as they can't print money any more to cover the situation and would end up with more debt then they can afford. JMHO. Rich