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To: fyodor_ who wrote (52263)	8/24/2001 1:38:50 AM
From: tejek	Read Replies (1) \| Respond to of 275872

Wouldn't surprise me one bit. Consumer indices are a complete mess. Additionally, parts of Europe are suffering from severe shortages of skilled labor (depending on region, this can be anything from doctors to engineers - or even construction workers). Unfortunately, Europe's work force is still EXTREMELY immobile. Naturally, this leads to slower growth and tends to exacerbate other problems, such as this current "slow-down". fyo, during the European report today on CNBC, they mentioned that the German gov't announced, I think today, that some inflation index was not up as much as expected. The person reporting, an English anchor, then when on to say that it was believed the EU would lower its prime rate next week. I missed a portion of her reporting so I didn't get all the details but she gave the impression that the EU finally realizes that inflation is not the problem. As for your comments, I am surprised that mobility between European countries is still an issue. Is this an issue as well between EU countries? What is the nature of the problem? I mean, what is the reason for the lack of mobility? Unwillingness to move? Fear of a loss of jobs to foreigners? Racial etc.? How is the EU to work effectively if mobility is not permitted and/or desired? ted