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Strategies & Market Trends : Asia Forum

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To: philv who wrote (2075)	2/12/1998 7:57:00 AM
From: Mohan Marette	of 9980

Phil, I don't think your concern about EMU becoming the de facto reserve currency of the world in the future is going to materialize any time soon. I believe it is similar to the concern expressed by some economists not too long ago about the Japanese Yen. EMU may be a good idea but any time an economic or political concept/entity is created by virtue of perceived necessity or sheer convenience supported by a multitude of diverging interests usually produce mediocrity at best or a miserable failure at worst. I suspect as long the U.S remains the world leader politically,economically and militarily the buck will always find its way here and not elsewhere. Just an opinion with no warranty.

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