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To: futures speculator who wrote (38054)	8/7/2005 3:56:12 PM
From: regli	Respond to of 110194

I can say that in Central Europe, the Euro in general is quite popular. There are very practical benefits to it as countries are small and most Europeans like to travel abroad, just look at the traffic jams in Europe during summer vacation season. Just as an example, when I shop in a border town in Germany (Weil a. R.), half of the cars are German and the rest are Swiss or French. It is wonderful not to have to bother about currency exchange and its associated losses. The benefit to the consumer is obvious and they know it. In the beginning there was worry about inflation and some of that is still reflected in the statements from Italy. However, most of that has now become a past issue. Obviously the inefficiencies introduced by multiple currencies are huge for businesses and therefore business will fight tooth and nail against it. Who wants to reintroduce accounting and pricing systems with multiple currencies as any reasonably sized business has customers in multiple countries. Except on an isolated basis, retreat from the Eurozone is simply not going to happen. In fact, with increased competition from the East, it is much more advantageous to become part of the zone instead. Why loose customers simply due to unnecessary overhead?