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To: Zeev Hed who wrote (105188)	5/29/2001 12:16:55 AM
From: LLCF	Respond to of 436258

<When everything is nice and cozy, it works, but put some strain on the system (as we might very well have in the next few years) and the system will implode, IMHO.> IMO it HAS imploded in most of the countries involved in the Euro... Heinz or Haim know the numbers better than I... but for example there are billions of DM loans out in Italy on homes and other assets.... [take note JHP] because the currency is such a mess. IMO the DM was on the way to becoming the continental currency anyway so the likes of Spain, Portugal, Italy really aren't going to care what the monetary body does... maybe some day. As I said before, the Germans grin and bear it for some reason... I don't know the actual situation on the board but I thought they has some added power...Heinz??? DAK