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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (503634)12/4/2003 9:23:16 PM
From: DavesM  Read Replies (1) of 769670
 
Kenneth,

Maybe its not Americans or the United States, who worries most about a weak dollar. These people don't think a strong euro/ weak dollar is anything to laugh about...

"Euro surge threatens Europe's nascent recovery
Wed Nov 19, 5:40 PM ET Add Top Stories - AFP to My Yahoo! "

"BRUSSELS (AFP) - The euro's record surge against the dollar and feared oil price rises threaten to pour cold water on a long-hoped for recovery in Europe even before it really gets underway, analysts warned..."

"...Key data last week for the third quarter showed that the 12-nation eurozone's three big hitters -- Germany, France and Italy -- are finally starting to show signs of emerging from the prolonged slowdown.

But the euro's surge raises a large question mark over that.

"Let's have no illusions, if the European currency stays at current levels, and even more if it goes up further, the recovery which is currently developing in the eurozone will very quickly run out of steam," said analyst Marc Touati of Natexis Banques populaires.."

story.news.yahoo.com
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