3 ms·
It wasn't about flooding the market, it was about pricing in Euros, thus taking aim at the dollar as the sole reserve currency. (Among other things.) Example:
by gallerytungsten 13y ago
It wasn't about flooding the market, it was about pricing in Euros, thus taking aim at the dollar as the sole reserve currency. (Among other things.)
Example: http://www.time.com/time/magazine/article/0,9171,998512,00.html http://www.time.com/time/magazine/article/0,9171,998512,00.h...
- dredmorbius 13y ago(I'd just posted a related item on this) For values of "for other things" of creating a massive flood of dollars on the world financial markets, undercutting its value, and precipitating a financial crisis the likes of which the US still hasn't seen.