It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
February 17, 2009 "ICH" -- -Eastern Europe is about to blow. If it does, it could take much of the EU with it. It's an emergency situation but there are no easy solutions. The IMF doesn't have the resources for a bailout of this size and the recession is spreading faster than relief efforts can be organized. Finance ministers and central bankers are running in circles trying to put out one fire after another. Its only a matter of time before they are overtaken by events. If one country is allowed to default, the dominoes could begin to tumble through the whole region. This could trigger dramatic changes in the political landscape. The rise of fascism is no longer out of the question.
Forex failure continues in Poland
Polish authorities’ apparent reluctance to intervene is really beginning to worry analysts who believe the best solution is some sort of coordinated forex intervention, ideally with other Eastern European states.
If there's one thing I've learned from this thread, it's that people will star and flag a thread even if they don't know what's going on. However, now that the original premise was debunked, this thread is pretty much done.
Why do people need an ATS thread to realize they are interested in something and/or learn something? If people are that interested, they should do their own individual research.
Originally posted by Hastobemoretolife
So another question, Would decentralized financial policy work, or would it shrivel up and die?