Tuesday, March 3, 2009

Printing money: fear in the market. "El Pais", Madrid, Spain.

It is the oldest recipe against the crisis. Practice and when the Roman Empire had no funds to finance military campaigns or large public works. And throughout history has been the fatal temptation of rulers to fight the bad times, give the machine for making notes. The UK, beset by the crisis, with banks and insurance companies operated by the State, and a financial system paralyzed, has decided to dip into the recipe. The Bank of England already has the British government's permission to print 150,000 million pounds (167,238 million euros) and could announce the release on Thursday, after the reunion on the expected cut in interest rates until 0.5%.. "El Pais", Madrid, Spain, click here:http://www.elpais.com/articulo/economia/Reino/Unido/le/da/maquina/imprimir/billetes/crisis/elpepueco/20090303elpepueco_7/Tes

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