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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: GUSTAVE JAEGER who wrote (22706)3/19/2005 10:15:11 AM
From: sea_urchin  Read Replies (1) of 80963
 
Gus > Yet another crack in the Euro-dam --or is it just the old one widening?

IMO, the stringent rules on deficit limitation are too stringent. They were worked out at a time when the Euro was weak and the dollar strong. Now, with the dollar weak, the Euro has effectively been "hoist on its own petard" and the currency cannot be weakened to the detriment of member nations.
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