“Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan. Weidmann is the latest in a string of policymakers worldwide to warn of the threat of a ‘currency war’ as central banks pump out cash to support their economies, reducing their value in the process.”
http://www.reuters.com/article/2013/01/21/ecb-weidmann-currency-idUSL6N0AQCMF20130121
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Xe — formerly Blackwater — fined $7.5 million over arms case
Mexican journalist acquitted of drug charges pens book on hellish prison experience
TSA detains sick girl because she tested positive for explosives, mother says
Canadian family's $500K inheritance seized by U.S. border officials
N.H. City Wants a "Tank" to Use Against Occupiers and Libertarians
Lawyer arrested for advising stranger of his constitutional rights awarded $43,000
Spain Finance Minister’s ‘No Bailout’ Remark Sparks Laughter
Stashes In Switzerland
Kerry blames Iran for attack on Iraq camp
Israeli court rules military not at fault in US activist’s death
U.S. tech sector feels pain from NSA PRISM revelations
L.A. County Sheriff Awards Carry Permits to Friends, Donors
Needy EU Nations Woo Chinese Home Buyers to Ease Slump
Hiring Spreads, but Only 14 Cities Top Prerecession Level
In Venezuela, Almost-Free Gas Comes at a High Cost