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To: tejek who wrote (66789)1/1/2002 6:43:50 PM
From: peter_lucRespond to of 275872
 
Ted,

"congratulations on the successful intro of the Euro"

thanks a lot!

"May it always be second in value to the dollar. ;~))
And Happy New Year!!"

;-)))

And a Happy New Year to you, too, and to all the others on this thread!!!

Peter



To: tejek who wrote (66789)1/1/2002 6:45:25 PM
From: Bill JacksonRead Replies (2) | Respond to of 275872
 
ted, I wonder what problems the Euro will bring as the low wage countries in the ECM proceed to take jobs from the high wage economies?
Places like France and Germany can expect problems down the road due to their relative labor inflexibility since there is no longer an exchange rate mechanism to compensate.

Bill


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