Europe WANTS a Lower Euro - by Brian Rich

The euro is in devaluation mode … in a sharp 17 percent decline against the dollar over the past five months. And I’ve written extensively on why, and why it still has further to go.

But now, it’s becoming evident that the Emu as a whole is prepared to take such drastic measures to keep the euro intact!

We can expect the ECB will aggressively reverse course on exiting from the emergency monetary policies they put in place to deal with the financial crisis of 2008 … returning to emergency mode, and in a big way. They’ll likely be forced to openly buy up the government debt of the weak economies to keep them breathing — i.e. print money, and a lot of it.

Note EU-Digest: this article by the Market Oracle once again is an example of speculative news reporting

Europe WANTS a Lower Euro :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website