The general opinion among Austrian Economists is that the Dollar will collapse in a few years (right?). On the other hand, Asia looks strong with high saving rates, but what about the European countries? UK I guess got many of the same problems as the US, but have already seen a depreciation of the pound relative to the $ and the Euro. But what about the Euro? My immediately throughts on the Euro-zone is that it is difficult to have the same currency in so many different countries with different economic conditions and huge gaps in budget deficits.
How do the austrians view the future of the euro-zone?
The Eurozone will probably benefit from the pound's downfall. This and the fact that several new EU members will be switching to the Euro might mean that it will appreciate relative to other currencies. The AUD is still the safest, IMO.
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Ovah:How do the austrians view the future of the euro-zone?
In addition, so-called 'available for sale instruments' worth £4trillion (4.5 trillion euros), or 11pc of balance sheets, are also added by the Commission to arrive at the headline figure of £16.3 trillion.
The ECB, like any other central bank has one option: Inflation.
Base model cars of the world unite! You have nothing to lose but quarter-mile races.
Would ECB just allow the depreciation of the dollar, og would they in the next years try to buy treausuries from the US?