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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (21467)	1/13/2002 11:10:47 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

I went through the budget yo provided and could not find (at least not easily) the distribution of the structural funds among the recipients, but if you are right and the majority of these $40 B are going to just these three countries, it could balance out some of the local problems. My problem with that system is "Jobian", in that it is a situation in which "God giveth and god taketh, let the name of God be blessed". These "charitable" contribution are determined by a pan European body in which these countries may have little influence. My worry is not so much with those small countries, but with a country like Spain, were the strong ties to South America ma cause business dislocations in the short term. longer term, I can see a situation where some European countries (like Germany of all) which are currently heavily committed to increasing economic ties with the old soviet block. Right now, that block is actually performing much better than Europe, but because of the "youth" of these capitalistic systems, you can be assured that sharp economic swings will happen there in the next 20/50 years, some of which will possibly require their trading partners within the Euro to have more flexibility than allowed right now in managing the balance between fiscal and monetary policy. Zeev