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To: smolejv@gmx.net who wrote (10871)	10/26/2001 10:12:15 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 74559

dj - ROFL, that @#@bund AFAIK it is traded on the Eurex eurexchange.com and, yes, a derivative as any other, and weather futures also rely on air.<g> Rests that the underlaying is German Gvt. secured, not ECB. The point I was trying to make is that the EuroBund is not a proxy for a Euro-bond. You are absolutely right that ECB controls the pedal of the Euro presses and that Germany has drawn the maximum it cam. Funny is that the so-called largest Eurozone economy should indeed pay penalties to the Euro. Germany just can't afford any expenses anymore. Now the switch to one physical money.... only advantage I see is the Euro 500 note opposed to the USD 100 note: less volume for the underground economy transfers. But on Jan 2002, there will not be enough physical notes to convert all that black money. The $100 bill will not be exchanged overnight.<vbg> For the rest I still can't use my Euro notes and coins at the groceries shop (although my grocer would accept them, this is stll illegal) but I can pay my bill with an Euro denominated check, Visa or petty-cash smartcard. All that "electronic money" is well real. Yes, with the exception of the underground economy. Maybe this is the real test.