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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (62219)	6/1/2005 2:58:25 PM
From: longnshort	Respond to of 81568

EURO TURMOIL AFTER FRENCH VOTE By PAUL THARP June 1, 2005 -- Europe's "superstate" dreams are fading with the euro suddenly collapsing against the dollar — amid a new trade war and political turmoil erupting on two continents. The European Union's economic integration suffered a blow over the weekend when French voters spurned President Jacques Chirac and rejected an EU constitution, which would set up a pan-European president and government. The Dutch are expected to vote down ratification of the document today. The constitution must be ratified by all 25 EU nations by November 2006. Meanwhile, the euro fell yesterday to a seven-month low against the greenback at $1.231. The EU's currency lost 4 percent of its value against the dollar last month. Many major U.S. investors, including Warren Buffett and Bill Gates, had been betting that the euro would continue its yearlong rise against the dollar.