The world economy faces a new threat. Instead of a banking collapse or too much debt, fears are growing that countries are using their currencies as an economic weapon.
History suggests that’s never a good thing.
If too many countries try to weaken their currencies for economic gain, then the fragile global economic recovery could be derailed and the international financial system thrown into chaos.
February 19, 2013 at 12:00 AM
1 minute read
The world economy faces a new threat. Instead of a banking collapse or too much debt, fears are growing that countries are using their currencies as an economic weapon.
History suggests that’s never a good thing.
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