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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (105101)5/27/2001 10:59:01 PM
From: Zeev Hed  Read Replies (4) of 436258
 
Haim, the guy misses the major point, the Euro is simply a bad idea until you have a true political Union in Europe. I do not see individual countries yielding their national independence to a "European Government" any time soon, and without such a Union, fiscal policies (national) and monetary policies (Pan European) are bound to clash. We'll see that as soon as Europe enters a major economic slow down. I would not be surprised to see after 10 to 15 years of futile attempts to get the Euro working to see that ill conceived idea dismantled.

Zeev
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