Towards $1.50?
By: Wolfgang Münchau
Like it or not, there will either be an exchange rate policy, or interest rates cuts, or both.
The case for an intelligent exchange-rate policy for the euro area
By: Wolfgang Münchau
There are at leas three reason why the euro is likely to rise further: a weaker US economy, turmoil in the credit markets, and the rise of the euro as an international currency. What the Europeans now need is a strategy to deal with an overshooting exchange rate.
Could interest rates stay at 4% for the rest of the year?
By: Eurointelligence ECB Watch
The rise in the euro/dollar exchange rate, and signs of trouble in the credit markets may well pre-empt another ECB rate rise.
The gentlemen's agreement fails Europe too
By: Wolfgang Münchau
The euro area member states should consolidate their shareholdings at the IMF, currently 23%, reduce the total to 17%, the level of the US, and make the rest available to broaden the shareholder base.








