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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Daniel G. DeBusschere who wrote (55164)	10/4/1998 1:42:00 PM
From: Lutz Moeller	Read Replies (1) of 61433

Dan You wrote "In fact, do you have a simple analysis of the new German administration? Did this last election have anything to do with the euro?" No! The Euro is set since May. The new government will stick to plans. The Euro will come. A simple analysis of the new administration ist hard to give befor the coaltion negotiation have been closed. We will have more worker rights, less entrepreneur rights. We will increase gas taxes. It will be impossible to build new nuclear powerplants here. To international participation of german solders will be more difficult. We will have more government. We will run a higher deficit (within Maastricht treaty boundaries. The much needed structural reforms in work organisation will not come. Instead some funded programms will inefficeintly use public money to pay for unneded stuff, onle to get unemploeyed from the statistics. The foreign policy will continue as before. All treaties will be served. Regards Lutz

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