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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (9833)	5/29/2005 4:38:02 PM
From: Crossy	Respond to of 37387

re: French vote on EU "constitution" treaty ok, looks like the French vote "NO".. I'm glad about the outcome but beneath the surface It's really odd. Because I always saw this treaty as an outcome of Germany's current Left leaning government banding together with Mr. Chirac to "protect" the European "social model" (ie. the overburdening welfare statist system).. now the French electorate seems to reject the treaty partially because of the opposite... Anyway, the good news to me is that Mr. Chirac's days in office appear to be numbered and maybe his arch-rival, Nicholas Sarkozy - who is way more favouring full blown market economics (he is reportedly very close to former French PM Balladur) can mount a victorious challenge at the presidency in two years. frankly, as a free-marketer I'm averse to "harmonization" in principle and to "European harmonization" in particular. OTOH I always favoured European integration by competition instead of harmonization. I hope for an enlarged but less ambitious Europe in the spirit of prosperity, growth and anti-buerocratic leanings that is dictated by my investor spirit.. I'm pretty sure that Margaret Thatcher is smiling today, too.. look for continued Euro-weakness down the road, I wouldn't bet on the strength of the Euro in the mid term. CROSSY