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To: BGR who wrote (116018)	4/10/1999 4:15:00 PM
From: JRI	Read Replies (1) \| Respond to of 176387

BGR- The Euro has had a bad start (for those who thought that it would become the world's second reserve currency)...and it doesn't look to get a whole lot better anytime soon.. Japan looks (thinks, anyway) is it being successful printing money (at least the market is up!), so they will likely continue course... Both great for the US dollar. (Did I just repeat what you just said? ggg) One thing is for sure: No time soon are Europeans going to move from country-to-country seeking work (unlike US, workers moving to where the jobs are).....One big problem with the whole Euro idea....all things being equal...this will always lead to Euro-land being weaker (misallocation of capital, higher unemployment, protectionist tendencies, subsidies, blah, blah), with the resulting drag on the currency... They do have better primary, high school education IMO <G>, but that is not enough to compensate....