ECB Raises Interest Rates

[cooperlola]

http://www.ft.com/cms/s/0/be778b1a-48e8-11dd-9a5f-000077b07658.html?nclick_check=1

[PeterG]

Let's see if that has any effect on the euro v sterling exchange rate. Time will tell........

[Logan]

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.

[PeterG]

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

[cooperlola]

Blimey!  We can afford to eat tonight for a change.

[ams]

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

[allanb]

[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?