When governments begin to welsh, devaluate and expropriate, capital flees.
She cannot devaluate her money further without risking violent insurrection from hard-bitten French investors, who have already seen 80% of their savings swept away in the .
This proposes to devaluate all the world's currencies between 20 and 33%.
Wen Jiabao in Hindustan Times I can understand some countries' moves to raise exports. But what I cannot understand is that they devaluate their own currencies while pushing for the appreciation of other currencies,Wen said, calling it protectionism.