Denmark Can't Print Money Fast Enough

Denmark is unleashing unprecedented amounts of ammunition in its battle to prevent the krone from appreciating. It still might not be enough to win the currency wars.

A speculator's dream?

Photograph by Bloomberg

Denmark is unleashing huge amounts of ammunition in its battle to prevent the krone from appreciating. The cost of the campaign, though, suggests that any renewed assault by speculators could require an even more aggressive response -- capital controls.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.