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  1. Path: sparky!uunet!sun-barr!olivea!spool.mu.edu!sdd.hp.com!swrinde!zaphod.mps.ohio-state.edu!malgudi.oar.net!uoft02.utoledo.edu!desire.wright.edu!demon
  2. From: demon@desire.wright.edu (Stupendous Man)
  3. Newsgroups: sci.econ
  4. Subject: Sweden holds the line
  5. Message-ID: <1992Sep15.125357.4114@desire.wright.edu>
  6. Date: 15 Sep 92 17:53:56 GMT
  7. Organization: Demonic Possesions, Inc.
  8. Lines: 14
  9.  
  10.  
  11.     It's nice to see Sweden man the barricades against currency
  12. devaluation.  Raising the main lending rate to 75% preserved the krona against
  13. the wave of Euro devaluations.
  14.  
  15.     It seems that at least one European country has learned the same lesson
  16. that Mexico has.  Devaluating your currency provides a short term, and
  17. illusionary, respite but prolongs the actual fiscal problems.
  18.  
  19. Brett                                                      
  20. _______________________________________________________________________________
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