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Old 11-24-2010, 01:56 PM
Ashendant Ashendant is offline

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Quote:
Originally Posted by Bolvar View Post
That's sort of why I was asking... I'm well aware that I don't have intimate knowledge of EU politics, and I figured this community would have educated viewpoints on the matter.

How is it interest rates are so bad there? Interest rates here in the US are absurdly low - in fact, I think the Fed is actually trying to get them to move up a bit.
Some of our interest rates have risen to 10%, it's ridiculous high

Quote:
Originally Posted by Rashid View Post
I think that's because we actually have the federal reserve to tell us that they're low. I'm not sure what the equivalent body would be in the EU markets or if their function would even cover the same responsibility.
We have the ECB (European Central Bank) which is responsible for the Euro and stopping inflation
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