Such institutions hold dollars by choice, and not a few of them chafe at the greenback's steady loss of purchasing power.
This loss of purchasing power has resulted from above-inflation increases in necessities, such as food and fuel, which take up disproportionate amounts of tenants' incomes.
Loss of purchasing power has to be considered alongside reforms of welfare that will remove an estimated £2bn from tenants' pockets by 2015.
The Institute on Taxation and Economic Policy, a think-tank, reckons this loss of purchasing power accounts for 78% of the shortfall in federal gas-tax revenues.
Polls show that "loss of purchasing power" is one of their top concerns.Second, France's heavily planned economy has reached its limits.
Those who have yet to buy a home suffer a loss of purchasing power, so rising prices redistribute wealth, they do not create it.
ANYONE in France dispirited by the loss of purchasing power stemming from high oil and food prices should be revived by a trip across the Atlantic.
What is clear is that a true exchange rate would have to fall sharply to reflect such a huge loss of purchasing power.In fact dollars are changing hands for far more than the official rate.
Since the re-election of the Socialist Party leader Costas Simitis as prime minister in April 2000, opinion polls have shown the center-right New Democracy party consistently leading, with many Greeks complaining of inflation, unemployment and the loss of purchasing power following the euro's debut in January.
TIPS offer a low coupon (3.5%) but excellent protection against a loss of purchasing power.
"Private demand in most of the countries in Western Europe has been dampened by consumer uncertainty fed by, amongst others, sharp rises in oil price, loss of purchasing power and regulatory changes," said the association on Friday.
