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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Ahda who wrote (2622)9/26/2000 1:05:02 AM
From: Thomas M.  Read Replies (1) of 3536
 
The Euro weakness represents fundamental inefficiencies in the economies of Europe vis-a-vis the rest of the world. Europe is high tax socialist and therefore can't hope to be competitive.

It's strange that Europe's "fundamental inefficiencies" didn't manifest themselves as a currency crisis until after the unification.

Tom
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