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To: Jim S who wrote (37114)	7/14/1999 1:37:00 AM
From: Hawkmoon	Respond to of 116791

Thus, other nations that will benefit from an economically united Europe are saddled with the task of supporting a doomed currency. You're making some great points. I really don't know how the Euro scenario will play out. They have already converted all of their computers to handle Euros and the other currencies, I believe, no longer officially are computed as exchange ratios with each other. There is just no turning back for them. So the alternative is that for the Euro to survive, we might see some coercive measures by the ECB and political authorities to preserve the currency. You're quite right in that without some form of unified gov't, there is less chance of a unified currency. Something will have to give should the crisis grow worse. Besides, it has been the point of eventually uniting Europe for hundreds of years. Better to have them united than constantly fighting one another and dragging the rest of the world into their conflicts. You're also right about not utterly destroying the currency of another nation. But the power and speed of global capital diving on a flailing victim like a pack of frenzied sharks is something that has be controlled and bridled. Regards, Ron