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To: energyplay who wrote (56756)12/2/2004 2:14:12 AM
From: Taikun  Read Replies (1) | Respond to of 74559
 
<Of course, the Europeans can always buy treasury bills ;-)>

The problem is they're already buying debt to finance projects in the new EU entrants and in the prospective entrants, and at least then the currency risk is mitigated. If the US slows down will the Euro zone be issuing more or less debt?