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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Ken98 who wrote (19302)	9/18/2000 3:33:10 PM
From: Ken98	Read Replies (1) of 436258

<<Fed's McTeer says weak euro may be good for Europe MONDAY, SEPTEMBER 18, 2000 3:14:00 PM EST WASHINGTON, Sept 18 (Reuters) - The weak euro may be healthy for Europe's economy if it helps stimulate growth, Federal Reserve Bank of Dallas President Robert McTeer said on Monday. [...] "All that could happen is it could go down further," McTeer said when asked if he was concerned about the sharp decline. "It already seems to be stimulating those economies. It may be good for Europe for all I know but it's bound to hurt their pride a little bit as far as it's gone." [...] Speaking in Washington after addressing a conference of the American Bankers Association, McTeer said he was happy with the dollar's strength because it benefited U.S. consumers. But he is a bit concerned in the longer run about the bulging U.S. current account deficit.>>

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