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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (22612)3/15/2005 8:52:35 AM
From: sea_urchin  Read Replies (1) of 81177
 
> there's no reason for the dollar to revalue other than it's very hard for it to devalue much more, even with the debt and all the other known bad things. It takes two to tango.

telegraph.co.uk

>>More than 90 per cent of consumers in countries that use the European single currency believe the advent of the euro has sent prices soaring, leading Brussels officials admitted yesterday.

Joaquin Almunia, the European Commission's monetary affairs commissioner, acknowledged that the idea had "taken hold" in some countries that the euro had sharply increased the cost of living.

This was poisoning public opinion against plans to extend the currency to the whole of Europe.

Such gloom had "spilled over" into the 10 new member states that joined the European Union last year.

An average of 71 per cent of people in the new states expressed fears of "abusive price rises and cheating" should they one day switch to the euro, Mr Almunia said.

Addressing what amounted to a crisis meeting on the three-year-old currency, he told colleagues they faced, "a battle for the hearts and minds of European consumers. Losing it will mean very serious consequences in terms of consumers' attitudes to the euro".

In some countries, such as Greece, Spain and France, 98 per cent of consumers believe the euro has favoured higher prices.<<
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