Sunday October 25, 2020

COMMENT: Central banks tackling symptom, not disease

The central banks' action shows that at last someone is doing something useful, but the underlying euro problems still need to be solved, writes Cliff Taylor.

30th November, 2011
2
{ }

There are a couple of tales of the unexpected in the ongoing euro crisis in the last 12 hours.

The most important is that the world's central banks have actually done something constructive. They have responded to the strains in the global financial system - and particularly in Europe - by making it easier and cheaper for banks to access US dollars. Increasingly, there had been signs in recent weeks that banks were finding it harder...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 9 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago