The Euro and the ECB Although not apparent at this stage of the global economic crisis, nobody surprised that the monetary authorities of the major currencies are now all for making tremendous efforts to depreciate their currencies. Implementing right and left its monetary policies, setting meager interest rates and well weighted here and there, massing the asset purchase programs (such as "quantitative easing") in the United States and in Japan etc.. They say that soon the green shoots come for all economies, and meanwhile printed and printed paper with no real monetary value .. Broadly speaking, we know that with all these tricks and they only seek whippersnappers keep their exchange rates to boost exports reduced to necessarily make them more competitive against the periphery countries and the third world who are always the big losers. Now regarding the Eurozone, we know The ECB not has among its institutional mandates direct or indirect intervention in the currency markets. It is known to us who follow daily the exchange rates in forex whenever you publish or magnify certain information on the economic status of the Eurozone (or leaves Draghi to chatter) which usually have …
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