File spoon-archives/aut-op-sy.archive/aut-op-sy_2001/aut-op-sy.0104, message 62


From: "Karl Carlile" <dagda-AT-eircom.net>
Subject: AUT: The ECB and interest rates
Date: Fri, 20 Apr 2001 12:29:34 +0100


One of the chief reasons as to why the European Central Bank are reluctant
to reduce interest rates is because they want to keep inflation down. They
want to keep interest rates up and inflation down as a means of shaking
weaker forms of European capital out of its economy. Consequently European
capital will be stronger leaner and meaner. This means its position will be
stronger in the globalised economy where competition is fierce. Many
individual capitalists don't like this because it may threaten their own
weaker capital.

--
Regards
Karl Carlile

Visit our Communist Think-Tank Web Site at:
http://homepage.eircom.net/~beprepared/

Join our Communist Think-Tank Mailing Community  at:
mailto:rev-commies-subscribe-AT-eGroups.com





     --- from list aut-op-sy-AT-lists.village.virginia.edu ---

   

Driftline Main Page

 

Display software: ArchTracker © Malgosia Askanas, 2000-2005