ST Alpha - "well problem is when you join the ECB you give away the ability to devaluate and noone ever considdered the alternatives" (Reading a Post)

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In response to "There are a multitude of alternatives that could have been used, not least the ECB continuing to provide emergency liquidity assistance since it was " by Loyola

well problem is when you join the ECB you give away the ability to devaluate and noone ever considdered the alternatives

Posted by DaneDukeNuuk Mar 18 '13, 14:23

nomal economics would have made cyprus devaluate 10-15 % or so and move on, now they just went to the real money and did the same

the ECB can ofcourse provide enless amounts of emergency funds as long as thoose who have founds in the ECB will support that and the people of thoose countries will accept it

Responses:

One of the largest problems afflicting the EU is the so called northern core countries moralising to the rest of Europe what's best for their - Loyola Mar 18, 14:33 1
- thats one the other is trying to rewrite the rulebook of economics without any general idear - DaneDukeNuuk Mar 18, 16:26

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well problem is when you join the ECB you give away the ability to devaluate and noone ever considdered the alternatives

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