[ladelfina]

Hmm.. maybe, maybe not. The ECB is basically the Germans and I think they are constitutionally resistant to doing that. Also wasn't the recent G7 hugger-mugger all about the state of the dollar, with little sympathy forthcoming.. instead more of a taking-to-the-woodshed?

Quote:

"We are not fools," Nout Wellink, head of the Basel Committee on Banking Supervision, told Reuters on Sunday. "We do realize there are better moments to introduce substantial increases in capital requirements." While banks may resist calls to raise regulatory capital requirements, banking regulators "will go further in certain respects whether they like it or not," Wellink said.

"You vill take zis meddsin!"

"la la la la la I can't hear you!"

Quote:

"The 100-day deadline is a mirage which will quietly disappear the closer we get to that date," said Mirko Mikelic, a portfolio manager at Fifth Third Asset Management in Grand Rapids, Michigan. Mikelic said the Federal Reserve will step up and provide liquidity if necessary for the U.S. system as well as be the backstop for any collapse of any major U.S. financial institution.

ANALYSIS-G7 banking proposals get lukewarm reception | Reuters

Quote:

FRANKFURT (Thomson Financial) - The German government is against any intervention to prop up the US dollar, according to Der Spiegel magazine, citing an internal finance ministry document prepared ahead of the weekend G7 meeting of finance ministers and central bank presidents in Washington.... It said another possible instrument to support the weak dollar is for the European Central Bank to cut euro zone interest rates but that the German government views such a move with scepticism even though it will narrow the interest rate differential between the euro and the dollar. The paper noted too that a rate cut by the ECB is 'extremely unlikely' right now given the high inflation rate, Der Spiegel said.

XE.com - German govt against intervention to prop up dollar - report - XE Forex News

boh :confused: