Discuss Year 2000 Issues Message Board

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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (867)	1/12/1998 2:39:00 PM
From: John Mansfield	Read Replies (1) of 9818

Dutch opposition against Italy as EMU participant? In an article of 'Der Spiegel' of this week, it is mentioned that the Dutch minister of finance has mentioned strong opposition against Italy as a member of the EMU. He is quoted to have said that the Netherlands will not participate when Italy will participate. This has got the Germans and French governments deeply worried. There is apparently not enough trust in future budget cuts by the Italian government, and their ability to sustain the 'Maastricht' criteria for becoming a member of the monetary union. 'Der Spiegel' is one of the most influential weeklies of Germany. My remark: Also, governments of both Great Brittain (not becoming a member next year) and the Netherlands are furthest in y2k awareness and setting up proper government action. Pure coincidence!? Regards, John

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