If Europe needs to intervene
to prop up the euro, it has ample dollars to sell--provided
the ECB and Europe's central banks can coordinate.

FOREIGN EXCHANGE RESERVES             $BILLIONS

ECB                                      39.6
GERMANY*                                 48.2
ITALY                                    47.0
FRANCE                                   34.9
SPAIN                                    31.7
AUSTRIA                                  17.8
PORTUGAL                                 13.7
FINLAND                                   8.8
BELGIUM                                   7.5
NETHERLANDS                               7.0
IRELAND                                   5.9
LUXEMBOURG                                  0
TOTAL                                   262.1

* Central banks

DATA: ECB, CENTRAL BANKS