"Financing nations by printing money is absolutely incompatible with a monetary policy that guarantees price stability," Mr. Weidmann said.
To introduce a currency board is not a substitute for serious reforms, though one imposes stricter discipline to speed up reforms and guarantees monetary stability in the process.
Henrique Meirelles, a former international banker who has run the Central Bank for all of Lula's presidency, has guaranteed monetary orthodoxy.
— Would John Kerry support an amendment to the Constitution that would guarantee monetary compensation to people in focus groups?
When Baninter collapsed in April, the government -- against the advice of the International Monetary Fund -- guaranteed all deposits, even those held in the Cayman Islands.
If minimal capital flow limits let you float your currency and guarantee monetary independence, well, economists might warm to that compromise.
If a central bank is deft enough, it can avoid deflation by using loans and monetary policy to guarantee the liabilities of run-prone institutions.
The list, which is not a record of the nation's most chronically polluted rivers but focuses instead on those bodies of water where continuing destruction or imminent harm can be stopped, carries no monetary award or guaranteed policy implications.
European countries have been unwilling to finance the loan, afraid of throwing money down a black hole, while international lenders like the European Investment Bank and the International Monetary Fund are awaiting guarantees from Ukraine that it will make its energy sector far more transparent.
