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To: dwight vickers who wrote (21455)3/29/1998 10:11:00 AM
From: Olaf Koch  Read Replies (1) | Respond to of 42771
 
(OFF TOPIC)

Dwight,

yes I do believe that the European states will become more market friendly, though never to the extent common in the US. There will be a wave of change, forced by the now currency-transparent trans-European competition. Fear for pressure of "globalization" is also a great topic here. I observe more startup companies IPOing, more America-style option granting, and a more entrepeneurial climate than ever before.

Germany's VAT is not the highest in Europe, even at 16%. It is an attempt to feed the budget by shaving off consumer wealth. I don't think it will hurt the economy or place additional strength on the labor market.

There are some encouraging signs that unemployment trends will reverse in the near future. Although I would prefer that to materialize not before the elections in late September (because I hope that we have a socialdemocratic/green government thereafter), the trends are observable in automobiles, media companies, upstart telcos, heavy machinery.

I can only speculate about gold backing. But keep in mind that more than half of the German population is not pro euro because they fear the euro will more instable. But that won't happen. Most younger people think that a pan-continental currency is just the way to go. What does boundaries mean in netland?

Olaf