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Politics : War -- Ignore unavailable to you. Want to Upgrade?


To: Tom Clarke who wrote (10307)12/27/2001 3:55:12 AM
From: GUSTAVE JAEGER  Respond to of 23908
 
Told you so....

In Year of the Euro, a Structural Malaise
John Vinocur International Herald Tribune
Thursday, December 27, 2001

Reforms, Key to Health of New Currency, Will Be Harder With Elections on Horizon


iht.com

Excerpt:

PARIS The essential issue for Europe's economic future is not so much the world's acceptance of its new currency - which will probably go fine - but its own difficulties in making structural changes.

[...]

Without new reforms, a further widening in the difference between living standards in Europe and the United States becomes a likelihood whatever the resolutions the EU makes at its summit meetings.
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You know, sometimes I think to myself that just as there have always been two Americas --North America and South America-- one day, there'll be two Africas: Black Africa and White Africa (formerly known as Europe).

Gus