To: From_Verbier who wrote (7643 ) 1/3/1999 7:44:00 PM From: allen v.w. Read Replies (3) | Respond to of 40688
Hello Verbier! I agree with you 99% In that I don't think the INTERNET bubble is going to burst. These experts keep saying this over and over again, But I don't think they get the big picture. The INTERNET is the way that transactions and all will be done from now on. I think these experts are hoping for a burst, But this will never happen. Remember the worlds people run the INTERNET and these experts don't know what to do about it. They are losing their control over the Market. IN MY OPINION OF COURSE. My wife would love to go to Switzerland! I can't wait to see what the new year brings. Here is some of the latest on the ERUO Dollar. Saturday January 2 11:57 AM ET Europe's Press Sees Euro Pushing Continent Together By Crispian Balmer PARIS (Reuters) - The euro is only two days old and much of Europe's press is already hoping that the infant currency will foster closer ties between its parent countries. ''The new currency was created to bind Europe together,'' Germany's Berliner Tagesspiegel newspaper proclaimed Saturday. Commentators in the 11 European countries which have forged the new money appeared united in seeing the euro as part of a wider political and economic process. ''The euro is born, now its Europe's turn (to be born),'' said influential Milanese financial daily Il Sole 24 Ore, paraphrasing a quote by Camillo Cavour, the great political architect of 19th century Italian unification. The Financial Times, based in Britain, one of only four European Union nations not to join in with the euro, thought the continent still had a long way to go toward forming a concerted political front. ''Never before have so many countries embarked on an economic and monetary union, having made so little progress toward political union,'' said a commentary in the paper. ''It would be wrong to imagine that a European superstate is around the corner. Recent wrangling over EU budget contributions shows how Europe's new political generation has no urge to sacrifice national interests on an altar of European integration.'' Belgium's political and financial elite, writing in L'Echo daily, thought the euro would force the politicians' hands. ''Monetary union will make progress in other areas of European integration indispensable,'' wrote Belgian Prime Minister Jean-Luc Dehaene. Meanwhile, leading Spanish national daily, El Pais, urged Europe's leaders to take command. ''This (project) cannot stop at just a large market with a currency that simplifies transactions -- a mere area,'' it wrote. ''It must recover the political will that always dominated all the steps toward integration in the second half of the century.'' ''While respecting the principle of subsidiarity, the euro will significantly enlarge the scope of coordination of national socio-economic policies, their definition as well as their execution,'' it added. The idea of ever closer coordination alarms some countries, noticeably Britain, while others see the euro and the EU as actually boosting their country's international standing. ''For Spain, the entrance into the common currency means abandoning its peripheral role to integrate itself in one of the three great world powers, behind the U.S., but, in many ways, ahead of Japan,'' El Mundo newspaper said. But how far will this integration go, and will Europe really become a unified world power? ''The core question is whether the single currency will strengthen the political unification. If all participants do not gear their policy to one another, the euro-group will become a creaking bastion,'' said Dutch newspaper Trouw. The Irish Times agreed that the political and economic aspects of monetary union could not be divided as the European Union pushed ahead with its overall drive to ''domesticate'' inter-state relations. ''But it must be borne in mind that it is also an unprecedented experiment, which cannot be judged by the standards of previous developments in building states and nations,'' it warned. ---------------------------------------------------------------------- Have a happy new year and LONG LIVE PNLK!!!!!!!...ALLEN: (:->