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To: pater tenebrarum who wrote (21478)	9/25/2000 6:01:25 PM
From: CYC	Read Replies (1) \| Respond to of 436258

Thank you for a well-presented response to the posts that I referred to. I personally do not think Euro is heading for failure, but I also do not feel that it is going to come back strongly in the near term to become a viable currency reserve. BIDKJS.

To: pater tenebrarum who wrote (21478)	9/25/2000 6:02:32 PM
From: maceng2	Read Replies (3) \| Respond to of 436258

Heinz, I agree with the overall sentiment of your post. Europe is less state intervening "socialist" then it was formerly. Big change over the last 20 yrs. Compared to the USA it's tax burden is very heavy though. I know that, I lived in the USA for a while. Average wages here in the UK are also much lower. The overall combined effect is a very significant lowering in personal earning power. The cheap euro looked like a good thing to me for Europe. Sooner or later the standard of living and successful business would have pulled it up. Why the intervention? It would have been a good test to prove the "anti euro crowd" wrong. Now they can point at intervention and still say the euro is still "weak". Up till recently I never had any interest in the euro..one way or another. pearly.