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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (12878)	11/25/2003 10:26:22 AM
From: Bucky Katt	Read Replies (1) of 13094

BRUSSELS -- Germany and France, the twin economic engines of the euro zone, on Tuesday forced through exceptional measures that will allow them to disregard a restrictive fiscal policy in an attempt to spend their way out of an economic slump. After a deeply fractious all-night meeting the two countries grudgingly agreed to efforts to contain their budget deficits and avoided the threat of sanctions from the European Commission, but the decision opened a deep rift within the euro zone. Spain, the Netherlands, Austria and Finland voted against the reprieve plan because they demanded a bigger effort from the zone's two biggest economies to bring their spending back in line within tight budget caps set a 3% of gross domestic product. The decision also suspended possible disciplinary action against France and Germany for overspending. EU Monetary Affairs Commissioner Pedro Solbes said the decision went "against the spirit and the letter" of a pact between the euro-zone nations demanding strict budgetary restraint as an economic and monetary policy. __________________________ Just amazing...

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