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To: JHP who wrote (105172)	5/29/2001 12:02:31 AM
From: LLCF	Respond to of 436258

John, the article says no where that everyone wants dollars... which has been my contention all along. The article lists several gaffs that the European authorities are making which is causing the dollar to remain strong and may do so through the conversion... again, my contention all along. Since you seem to be illiterate, here is the point of the article, there are 2 distinct segments of the European population which are affected: <<Actually, there are two important reasons why the euro in a state of chronic depression. First, the governments of the eleven euro-zone countries are using the introduction of the common currency as an opportunity to seize and confiscate funds acquired illegally. Second, there are millions of people outside the euro-zone who are holding European currencies. Merchants, farmers, and workers in Poland, Croatia, Slovenia, Hungary, and other European countries have savings in trusted German marks. They may have heard rumors about the coming currency reform that will render their savings worthless, but they may not know where to exchange them for new euros. Their own governments may want to seize them, which are scarce foreign reserves, or want to tax them for reasons of tax evasion. Helplessness and fear may force the savers either to spend their holdings or convert them into dollars. >> So I'll say it again... in my experience you cannot use dollars where ever you want in Europe... we all understand that you think it's so. Fine, Europeans on the thread understand that one of us is wrong, let's just leave it at that. GFY again. DAK