Currency Controls

eric dorkin virgil at execpc.com
Wed Sep 2 11:28:50 PDT 1998


Seth Ackerman wrote:


> "Another experiment being discussed by several nations, but opposed by
> the United States, is to place controls on the free exchange of
> international currencies, in hopes of preventing speculators from
> betting against a country's chances of economic revival. "
> -- from today's NY Times.
>
> These are *G7* nations the Times is talking about. Who would have
> thought this possible even six months ago?
>
> Seth Ackerman

Wouldn't large scale economic revival be in the political interest of the ruling parties of the major European players when the Euro takes its place on stage? Moreover, isn't it possible that the Euro itself could be the target of attacks as a weaker than expected (or hoped for) currency? eric



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