Re: spanish central banker tells socialist subsidisers about real life...


abelard wrote:
> http://www.planetark.org/dailynewsstory.cfm/newsid/33663/story.htm
> "The rise in the oil price is an external disturbance that the Spanish
> economy must adapt to by accepting the loss of purchasing power that it
> implies ... and allowing the relative rise in price of this raw material
> to drive necessary adjustments in terms of a more efficient use of energy
> in production and lower domestic consumption," he added.

Inflation up = interest rates up for the $ and (soon) the ? , but
apparently not for the £.

Why not I wonder ?

.

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