ECB and interest rates

Chris Burford cburford at
Sun Mar 21 01:09:18 PST 1999

At 17:14 19/03/99 -0800, Jim O'Connor wrote:

>Top ten reasons why ECB won't cut interest rates:

>3. ECB will not be a party to making Germany another consumer of last
>resort. Unlike the U.S. trade deficit, which influences the dollar/yen/mark
>rates very little, a European trade deficit would push the Euro down, down.

Yes. Why?

Chris Burford


More information about the lbo-talk mailing list