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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.93+0.8%Jan 9 4:00 PM EST

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To: rdww who wrote (3852)12/5/1997 2:51:00 PM
From: John Mansfield  Read Replies (1) of 116845
 
EMU and the French

Hi,

I am new to this thread.

IMHO, the French wanted the EMU very much; more than the Germans (DM is more important to them than anything else). In this way they will have more influence on European monetary policy than in the current situation (where the French central bank simply as to follow the Bundesbank in Frankfurt).

It is said that during German reunification, the Germans were willing to pay the price (EMU) to the French for getting the reunification. no hard evidence, of course ;-)

Any thoughts?

Regards,

John
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