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To: rich evans who wrote (26105)	3/21/2005 6:25:03 PM
From: regli	Respond to of 116555

"This could lead to a bad situation in my opinion if deficits of each country get too large as they can't print money any more to cover the situation and would end up with more debt then they can afford." This is an excellent point. It is a major control mechanism that is still in place and not very easily circumvented. As they cannot print themselves out of a budget bind they simply have to cut spending at some point. Greece will be an interesting test case in the next few years.