For troubled European countries, the European Central Bank could be like a giant ATM.After all, the ECB has the unique ability to print unlimited amounts of euros. It could lend that money to the governments in need.The problem with this idea?
Update: This post was written on Sept. 14. On Sept. 15, the European Central Bank, along with other central banks from around the world, announced a new lending program to fight the slow-motion run on Europe's banks.
The U.S. economy is spooking investors. But every day, all around the world, foreign businesses are still eager to use U.S. dollars — even when their business has nothing to do with the U.S.When South Koreans buy Chilean wine, they convert their Korean won to U.S.