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默文·金说，如果德国没有加入欧元，自己的货币就会升值，其出口竞争就不会如此强劲，贸易不平衡也就不会这么严重。" E/ C# Z7 l: q& b
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人民币升值 ; ^8 D4 i, ~4 [( O" e- N/ q9 M5 X. I, E+ y$ u, H* E
默文·金呼吁作为债权国的中国和德国调整政策，为解决世界经济危机做出贡献。: _- b% @* s& O' U+ t- e, i- B( b
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他对中国发出呼吁说，“在通常情况下，在出现严重贸易不平衡的情况下，在需要做出调整的时候，汇率是自然的调节机制。”) t" S( q1 F& ?4 x
$ i, N$ ]+ X1 `' A9 F4 R7 z他说，美国曾一直试图说服中国打破同美元挂钩的机制，但是一直没有成功，这使得贸易不平衡发展到了一个对双方都构成威胁的程度。 ( v) M7 A4 ?' \% s" i! |0 b9 h, y" C! \
默文·金在谈到德国时说，德国被困在欧元之内，货币无法升值，但是德国可以通过拯救计划和消除其银行所持主权债务的方式承担损失。 # Z m3 i }; M3 S. Y/ J* `" K+ M0 O" _
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& N7 m" L7 q! T8 J; W- e* I / S1 _' g' {. P/ x3 y! ]英国中央银行英格兰银行行长默文·金 $ g; r% g2 _! @; @1 @; J# m2 t% U* n5 f# H
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The fate of the world is now in the hands of Chinese and German policymakers 3 B! E4 z$ N4 o5 y$ G$ O4 kUK growth is now in China's hands . z3 o1 F1 `( Y( E1 z, n' S4 r % e; L6 ~7 ~+ N3 o8 @If there was one message to take away from the Bank of England's dramatic Inflation Report yesterday, bar rates being on hold for another two years and growth being weaker than hoped, it was that the global economy is back on the precipice – and it is the world's creditor nations that are holding the rescue lines. ! i4 g/ ^% v9 e8 @: G* H5 l9 w, t; T
There is only one way for the world to go, said the Bank's Governor Sir Mervyn King: for the pent-up losses caused by the vast debts amassed in the boom to be "shared between creditors and debtors". This, he said, meant "in the world economy between creditors in the East and debtors in the West, and within the euro-area between creditors in the North and debtors in the South".( ]) D% @5 _1 H/ T
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The problem is that there are two ways the problem can be resolved. Either voluntarily, as surplus countries like China let their currencies appreciate, or violently, "in the context of a downturn in the world economy".! f9 o2 @2 L: H* ^& I
; w" V A& i! y4 m6 H! N3 a7 {Given the lack of political leadership currently, an ugly denouement looks all too likely. + K( Z2 {7 b% S7 ^1 D. E; j- ]9 @+ G2 S5 I) m" ]4 ^4 g; Z: O- u
The issue is, and has always been, "global imbalances". China and Germany export too much and plough their returns back into the financial system, creating bubbles of cheap credit and distortions in behaviour.
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