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Yen Rescue Surprises ECB Leaders in Frankfurt
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Shock rigidity in Frankfurt's ECB Tower, iron silence at the EU Commission in Brussels.The US intervention to stabilize the dumbling Japanese yen causes considerable irritation on the European side.The article Yen-Intervention of the USA: Irritations between Washington and Brussels first appeared on Tichy's insight.
·Eschborn, Germany
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The decision to sell the European currency, rather than the dollar, changes the dynamics among the G7 countries.
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