A bit short of cash

[DimPrawn]

http://www.telegraph.co.uk/finance/f...-shortage.html

European banks face a US dollar “funding gap” of almost $2 trillion as a result of aggressive expansion around the world and may have difficulties rolling over debts, according to a report by the Bank for International Settlements.


What's the problem? Print money. Works here.


PS. Buy dollars.

[expat]

http://www.telegraph.co.uk/finance/f...-shortage.html

European banks face a US dollar “funding gap” of almost $2 trillion as a result of aggressive expansion around the world and may have difficulties rolling over debts, according to a report by the Bank for International Settlements.


What's the problem? Print money. Works here.


PS. Buy dollars.

I'm inclined to agree about the dollars. I've badmouthed the USA as much as anybody, especially on their currency, but it seems to me that even without rose-coloured glasses, it remains immensely powerful, and its time is far from over. The day will come, but it is not yet.

[thelace]

But aren't they printing dollars too at the minute?!?!?

[denver2k]

But aren't they printing dollars too at the minute?!?!?

All Currency notes should be backed by Gold reserves as it used to be when notes thing actually started.