Euronomics: Don't play politics with the euro ( and don't follow US example of reducing interest rates or listen to France)
For the complete report from the Economist.com click on this link
Don't play politics with the euro - and don't follow US example of reducing interest rates or listen to France
For anyone seduced by French complaints over an overvalued euro, and the need for the European Central Bank (ECB) to concentrate more on pursuing growth, the lesson is plain.
If you ignore the post-1945 German focus on fighting inflation and pour in easy money, then disaster follows. Note EU-Digest: All you have to do is look at the US economic policies so greatly admired by Mr. Sarkozy. Without tight monetary controls and economic discipline the greed of the corporations takes full control and the stock-market becomes a casino.
