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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (1108)9/6/2001 10:16:46 AM
From: Roebear  Respond to of 36161
 
Frank,
I don't know, this could be an isolated opinion. There are advantages to European travelers and business to the Euro. Once they get all the calculations done it might be popular, but I have to assume the ECB will fight like crazy to keep it's value so it won't be still born.

Likely a lot of volatility around the launch I'd guess.
Perhaps a dream come true for a Soros like hedge fund.

Wish we had some European contacts who could enlighten us on the sentiment there.

Best,
Roebear



To: Frank Pembleton who wrote (1108)9/6/2001 2:01:51 PM
From: c.hinton  Respond to of 36161
 
Europeans dont have much of a choise .By law they have to accept the euro.
The biggest hurdle is unfamiliarity with converting it .
But england and france both survived major changes to their currencies 30 years ago
If the dollar weakens it will certainly make the euro look a whole lot better.


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