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No, not dollar devaluation right now. They are meeting because of the collapse of Greece (also: Portual Ireland Italy Greece Spain Otherwise known as P.I.G.S. The IMF will have to rescue Greece, etc, because the German tax-payer has had enough of bankrolling these fools. Dollar devaluation comes later, with the U.S. default on its debt.
2 comments:
World's central banks in secret meeting in Sydney Australia today: devaluation of the $US?
http://www.heraldsun.com.au/business/world-bankers-meet-in-sydney-as-recovery-fears-intensify/story-e6frfh4f-1225827280461
No, not dollar devaluation right now. They are meeting because of the collapse of Greece (also:
Portual
Ireland
Italy
Greece
Spain
Otherwise known as P.I.G.S.
The IMF will have to rescue Greece, etc, because the German tax-payer has had enough of bankrolling these fools.
Dollar devaluation comes later, with the U.S. default on its debt.
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