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To: JHP who wrote (103630)	5/21/2001 9:58:52 AM
From: LLCF	Respond to of 436258

<well you can now and i have found over the years if you insist on dollars they will take them with NO problems!try eastern europe do you think they want euros?lol> LOL, you asked for one country, I gave you many... so what's your point? You think that Eastern Europe is going to do business in the dollar with Siemens?? Whatever... time will tell. You're talking about the "casbah" ... I'm talking about what happens as these countries turn "real"... I'm talking about the future... what you're chronicling has already happend and is no longer bullish for the dollar. <our relatives in italy want nothing to do with euros!> There are an aweful lot of Italian mortgages denominated in D-Marks and Euro's my friend... I'll defer to Heinz on that one. DAK

To: JHP who wrote (103630)	5/21/2001 2:53:08 PM
From: Spekulatius	Read Replies (1) \| Respond to of 436258

In eastern, the Deutsche Mark and to a lesser extend the US$ is the main trading currency. In Europe, there is no special affinity to the US$; but in many touristy area's you can pay with US$ (as with many other currency's) albeit with a bad exchange rate. I have travelled in many countries in Europe and elsewhere and didn't have any problems with Deutsche Marks. However, the issue with the Euro is that Euro notes and coins do not exist. There is a lot of 'Black money' circulating and because of the eminent exchange in euro's it may get swapped into US$ in the meantime. I think the Euro will look very strong in the LT, since the European CB is going to be very independent and will keep inflation rates at bay, which is the main factor for a stable currency.