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To: PaulM who wrote (8351)	3/15/1998 2:17:00 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116779

re: Greece, Ireland, and UK for that matter & I quote: "IBD 8/8/97 Dateline: LONDON:" U.K. financial institutions are increasingly taking the necessary steps to ensure they are ready for the single European currency regardless of whether the U.K. joins monetary union, acc'd to a Bank of England report. The BOE has taken the view that although the EMU is by no means certain, it is prudent for financial insitituions to assume it will on Januany 1, 19999 as it will have a 'significant impact' on London's wholesale markets. CLOSE QUOTE I ask you... what difference does it make if U.K. is officially part of EU or just doing business as if it were an official "member" at the git-go? I submit to you that there is not one whit of difference. Business is Business, and the "surprise members" a/w/a the members who are non-members will all be conducting business as if they were. The only shudder will be in our bond market when the German Bund money is repatriated around 3/25/98...and all the while, most folks are busy looking for Japanese repatriation. Tis the same-o, same-o... "See the gorgeous eagle soaring up there?..." and then you pat your hip pocket where your wallet WAS, only to find it gone in a sickening flash of classic misdirection. O/49r