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To: Ahda who wrote (20555)10/3/1998 8:59:00 PM
From: goldsnow  Read Replies (2) | Respond to of 116790
 
"The G7 also expressed concern about the flight of capital from emerging markets and agreed to explore President Clinton's plan to provide ''contingent finance'' through the International Monetary Fund to cash-strapped nations, "

This is really a frightening lack of respect.....Agree to explore!!
That is a cold shoulder to would be a leader of the World...

bloomberg.com



To: Ahda who wrote (20555)10/4/1998 8:54:00 AM
From: IngotWeTrust  Read Replies (1) | Respond to of 116790
 
Not that I expect this post to clarify your thinking, Darlene, but here goes:

The Bundesbank and the German Gov't HAVE TO appear at odds on financial matters!

WHY?

For the simple reason that the Deutschemark AND the EU have to both appear strong for at least 3 more years, when the DM ceases to exist and the EU is the only currency remaining standing.

Same for all the other EU joiners.

So the Deutsche Gov't sticks up for the EU
and the DeutscheBANK sticks up for the DM

Capice?