cooperlola Posted July 3, 2008 Share Posted July 3, 2008 http://www.ft.com/cms/s/0/be778b1a-48e8-11dd-9a5f-000077b07658.html?nclick_check=1 Link to comment Share on other sites More sharing options...
PeterG Posted July 3, 2008 Share Posted July 3, 2008 Let's see if that has any effect on the euro v sterling exchange rate. Time will tell........ Link to comment Share on other sites More sharing options...
Logan Posted July 3, 2008 Share Posted July 3, 2008 Tricky Trichet's one trick pony to control inflation. Must be great news to countries such as Spain, Italy and Ireland that need low interest rates to stimulate their flagging growth. I believe we are starting to see the folly of a single currency and the 'one size fits all' philosophy of the federalists within the EU Commission and beyond.It will however continue until the pips begin to squeak and nation states currently within the Eurozone finally realise what a dogs breakfast they have all been party to. Link to comment Share on other sites More sharing options...
PeterG Posted July 3, 2008 Share Posted July 3, 2008 I didn't think it would be that quick!!!!!!!!!! http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/13/intraday.stm Link to comment Share on other sites More sharing options...
cooperlola Posted July 3, 2008 Author Share Posted July 3, 2008 Blimey! We can afford to eat tonight for a change. Link to comment Share on other sites More sharing options...
ams Posted July 3, 2008 Share Posted July 3, 2008 The 50 states of the USA are essentially different and run like different countries yet they have the fed which sets rates. I guess the same can be said for many other countries. On the other hand if the ECB can bring inflation under the 2% level then it will be really good news for the euro zone countries. ams Link to comment Share on other sites More sharing options...
allanb Posted July 3, 2008 Share Posted July 3, 2008 [quote user="Logan"]I believe we are starting to see the folly of a single currency...[/quote]Is there somebody else out there who thinks the single-currency zone is a big mistake? Can we start a club? Link to comment Share on other sites More sharing options...
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