Bank Of Baku

American scientist Edward Merkel: “Euro to be substituted for dollar” - EXCLUSIVE

American scientist Edward Merkel: “Euro to be substituted for dollar” - <font color=red>EXCLUSIVE</font>
# 15 October 2010 12:36 (UTC +04:00)
According to him there are some reasons of this: “First, the issued money by Us Administration to increase the economic activity will be a reason for inflation. The second is related with emission of state bonds. Now, the state sells these bonds and borrows to finance the anti-crisis measures, but the world must interest in purchasing of these bonds that this process to be continued further. ”

He considers that sale of the bonds can’t be continued successfully: “If there is a problem in this issue, US government will be obliged to raise the YTM on the bonds and this will create new problems in USA.”

In this case, euro may be substituted for dollar in the financial system of world: “If the European Union and Greece internal problems, euro likely will be substituted for dollar.”
1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED