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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: GraceZ who wrote (267190)11/13/2003 7:10:08 PM
From: zonder  Read Replies (1) of 436258
 
How would the Eurozone benefit by having their goods be even more expensive on the world markets? They already have high labor costs, high taxes and costly regulation

Some benefits offset costs. Like just printing money and having others gobble it up as "reserve". Or having certain countries buy your t-bills like there's no tomorrow. Just like the US has done for quite a few years.

So far the country that benefits the most is the one that has their currency pegged to the dollar.

Not really. All that has happened to them is that their exports just got a little cheaper. Since they are pegging their currency, they could have done that themselves. So I don't see much interest there.
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