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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (34503)	7/29/2005 12:28:59 PM
From: regli	Read Replies (1) \| Respond to of 116555

Berlusconi is the special deal. Just read up about some of his scandals. ONLY in Italy could he survive. >But isn't it particularly true of Europeans attached to the elite and aristocratic circles....?< Overall, I consider politics in Europe less dominated by class than politics in the U.S. >Euro< There were lots of issues of people trying to use the Euro conversion to their advantage and in some areas it actually happened. Overall, inflation actually went down in most places. >This reflects one of my basic points on the ECU -- Euro -- and consolidation of financial control.< As I have stated before, I believe that the Euro is absolutely essential to economic competitiveness. It has very little to do with control. Berlusconi's comments were purely political hoping to garner a few points in the polls.