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To: PaulM who wrote (7529)	2/12/1998 10:08:00 PM
From: PaulM	Respond to of 116998

"He's entitled to his view" biz.yahoo.com In case anyone is wondering, the reason the U.S. is so interested in "fiscal stimulation" is to avoid Japan's more natural solution: liquidate and repatriate its extensive asset base.

To: PaulM who wrote (7529)	2/13/1998 1:39:00 AM
From: Abner Hosmer	Respond to of 116998

German opposition; the Bundesbank, the citizenry, political opponents: FOCUS-Kohl asks Bundesbank for EMU report biz.yahoo.com >>...A group of professors, dubbed the ''Gang of Four'' by the German press, unveiled a book on Thursday called ''The Euro Challenge: Why Monetary Union is Doomed to Fail.'' The four academics -- Wilhelm Hankel, Wilhem Noelling, Karl Albrecht Schachtschneider and Joachim Starbatty -- last month filed a petition with the country's highest court in an attempt to stop Germany from joining the single currency. ''We appeal to German Parliament to ensure that the money of German citizens is not ruined,'' said Noelling, a former member of the Bundesbank Central Council.. ...Saxony state Premier Kurt Biedenkopf, a prominent member of Kohl's Christian Democrats (CDU), and Henning Voscherau, the former mayor of Hamburg, backed the professors' critique and called for a delay in the launch of the single currency. Voscherau said Germans should have the chance to vote in a referendum on the euro and Biedenkopf agreed with a group of 155 economics professors who called for delaying the project. Voscherau, tipped as a possible minister in a Social Democrat government, said political correctness has stifled all debate on EMU. He said voters should be able to vote in a referendum on EMU on the same day as the generalelection, September 27. ''This sacredness, this lack of conflict is like a cathedral built up over the euro that greatly prohibits publicdebate,'' said Voscherau, who attended the ''Gang of Four's'' book presentation..<<